Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Bull Market Weakness (+75) - MXNUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been UP since Dec 1st, 2023 at 0.05891900
The intermediate-term trend has been UP since Nov 1st, 2023 at 0.05632400
The short-term trend has been UP since Dec 1st, 2023 at 0.05845663
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).