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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Mexican Peso/Euro (FOREX:MXNEUR)
Countertrend Down (-85) - MXNEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for MXNEUR
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05294550
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.05554011
The short-term trend has been UP since Apr 23rd, 2024 at 0.05512173
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05513650 | 0.05532150 | 0.05456717 | 0.05466650 | -0.00047000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05513650 | 2024-04-24 23:53:32 |