Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
/Mexican Peso (FOREX:MXVMXN)
Countertrend Up (+85) - MXVMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MXVMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXVMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXVMXN
The long-term trend has been UP since Jan 6th, 2021 at 6.603870
The intermediate-term trend has been UP since Jul 4th, 2023 at 7.766627
The short-term trend has been UP since Jul 4th, 2023 at 7.766433
Smart Scan Analysis for MXVMXN
Based on our trend formula, MXVMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).