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.
MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been UP since Dec 12th, 2019 at 0.052580
The intermediate-term trend has been DOWN since Feb 21st, 2020 at 0.052697
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).