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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Mexican Peso/Euro (FOREX:MXNEUR)

Strong Downtrend (-100) - MXNEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNEUR continues to fall. Traders should use caution 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.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.05025868 0.05025868 0.05025868 0.05025868 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.05294550

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.05453164

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.05527836

Smart Scan Analysis for MXNEUR

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

-100
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05025868 0.05025868 0.05025868 0.05025868 0.00000000
Prev. Close Volume Bid Ask Time
0.05025868 2024-06-15 06:10:54
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