Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 DOWN since Feb 28th, 2020 at 0.0509475
The intermediate-term trend has been UP since May 11th, 2020 at 0.0424505
The short-term trend has been UP since May 18th, 2020 at 0.0420800
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).