Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
US Dollar/Mexican Peso (FOREX:USDMXN)
Bear Market Rally (-75) - USDMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDMXN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMXN
The long-term trend has been DOWN since Feb 16th, 2022 at 20.26080
The intermediate-term trend has been UP since Jun 12th, 2022 at 19.99457
The short-term trend has been DOWN since Jun 20th, 2022 at 20.25770
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).