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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

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
0.04241300 0.04253950 0.04192250 0.04200849 -0.00040500
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.04164514

intermediate term up The intermediate-term trend has been UP since Oct 25th, 2021 at 0.04266634

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 0.04245567

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04241300 0.04253950 0.04192250 0.04200849 -0.00040500
Prev. Close Volume Bid Ask Time
0.04241300 2021-10-28 16:34:19
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