Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Mexican Peso/Euro (FOREX:MXNEUR)
Strong Uptrend (+100) - MXNEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 8th, 2019 at 0.04744000
The intermediate-term trend has been UP since Dec 12th, 2019 at 0.04718623
The short-term trend has been UP since Feb 4th, 2020 at 0.04838450
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).