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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Crossroads (-60) - MXNUSD 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 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.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.04766569 0.04812623 0.04751100 0.04793664 +0.00027100
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long-term trend has been UP since Sep 9th, 2020 at 0.04659350

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.04935800

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.04800563

Smart Scan Analysis for MXNUSD

Based on our trend formula, MXNUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04766569 0.04812623 0.04751100 0.04793664 +0.00027100
Prev. Close Volume Bid Ask Time
0.04766569 2021-02-26 17:11:51
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