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.
MarketClub’s Trade Triangles for MXNEUR
The long-term trend has been UP since Mar 1st, 2023 at 0.05171700
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.05066650
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).