Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Weak Downtrend (-65) - MXNUSD is showing signs of a strengthening downtrend. Monitor MXNUSD as it may be building momentum to the downside.
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 Feb 16th, 2022 at 0.04937204
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.05000575
The short-term trend has been DOWN since Jun 28th, 2022 at 0.04990500
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).