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.
MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been UP since Sep 9th, 2020 at 0.04659350
The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.04935800
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).