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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

US Dollar/Mexican Peso (FOREX:USDMXN)

Long-Term Uptrend (+90) - USDMXN is in a strong uptrend that is likely to continue. While USDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
18.4648 18.5560 18.4648 18.4648 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 17.387005

intermediate term up The intermediate-term trend has been UP since May 29th, 2024 at 17.021400

short term up The short-term trend has been UP since May 29th, 2024 at 16.880000

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.4648 18.5560 18.4648 18.4648 0.0000
Prev. Close Volume Bid Ask Time
18.4648 2024-06-15 23:10:04
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