Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

US Dollar/Mexican Peso (FOREX:USDMXN)

Weak Downtrend (-65) - USDMXN is showing signs of a strengthening downtrend. Monitor USDMXN as it may be building momentum to the downside.

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.

FOREX_USDMXN
Open High Low USDMXN Price Change
22.675700 22.770900 22.661705 22.670575 -0.005125
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 19.626660

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 23.566875

short term down The short-term trend has been DOWN since May 18th, 2020 at 23.763985

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.675700 22.770900 22.661705 22.670575 -0.005125
Prev. Close Volume Bid Ask Time
22.675700 22.667130 22.674020 2020-05-25 05:21:31
Get a free daily analysis and signals for US Dollar/Mexican Peso (USDMXN) - Request Your Free Report.