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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.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.0440997 0.0444065 0.0439165 0.0442330 +0.0001330
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.0509475

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 0.0424505

short term up 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).

+60
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0440997 0.0444065 0.0439165 0.0442330 +0.0001330
Prev. Close Volume Bid Ask Time
0.0440997 0.0442260 0.0442400 2020-05-25 14:46:36
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