Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Sidelines Mode (-55) - MXNUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been DOWN since Oct 1st, 2021 at 0.04833751
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.04950186
The short-term trend has been UP since Oct 13th, 2021 at 0.04831300
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).