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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Mexican Peso/Euro (FOREX:MXNEUR)

Countertrend Up (+85) - MXNEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.05303398 0.05368826 0.05302660 0.05353997 +0.00050600
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.05507557

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2023 at 0.05317807

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.05352950

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05303398 0.05368826 0.05302660 0.05353997 +0.00050600
Prev. Close Volume Bid Ask Time
0.05303398 2023-12-08 17:07:23
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