Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Mexican Peso/Euro (FOREX:MXNEUR)
Crossroads (+60) - MXNEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 28th, 2020 at 0.0459865
The intermediate-term trend has been UP since May 10th, 2020 at 0.0391100
The short-term trend has been UP since Jun 1st, 2020 at 0.0408910
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).