Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Weak Uptrend (+65) - MXNUSD is showing signs of weakening momentum to the upside. Monitor 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 Nov 1st, 2022 at 0.05062476
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.05378748
The short-term trend has been UP since Mar 21st, 2023 at 0.05365299
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).