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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

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.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.0515505 0.0515540 0.0514215 0.0514960 -0.0000540
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long-term trend has been UP since Dec 12th, 2019 at 0.052580

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2020 at 0.052697

short term down The short-term trend has been DOWN since Feb 18th, 2020 at 0.053719

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).

-70
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0515505 0.0515540 0.0514215 0.0514960 -0.0000540
Prev. Close Volume Bid Ask Time
0.0515505 0.0514880 0.0515040 2020-02-27 01:09:07
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