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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Mexican Peso/Euro (FOREX:MXNEUR)

Weak Downtrend (-65) - MXNEUR is showing signs of a strengthening downtrend. Monitor MXNEUR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.04947950 0.04963187 0.04886260 0.04955807 +0.00007900
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term up The long-term trend has been UP since Mar 1st, 2023 at 0.05171700

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.05066650

short term down The short-term trend has been DOWN since Mar 9th, 2023 at 0.05186414

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04947950 0.04963187 0.04886260 0.04955807 +0.00007900
Prev. Close Volume Bid Ask Time
0.04947950 2023-03-20 14:53:02
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