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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

US Dollar/Mexican Peso (FOREX:USDMXN)

Bull Market Weakness (+75) - USDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMXN as it may be in the beginning stages 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.

FOREX_USDMXN
Open High Low USDMXN Price Change
18.94615 19.23069 18.78829 18.85015 -0.09600
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long-term trend has been DOWN since Nov 1st, 2022 at 19.755800

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 18.594900

short term up The short-term trend has been UP since Mar 10th, 2023 at 18.444695

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
18.94615 19.23069 18.78829 18.85015 -0.09600
Prev. Close Volume Bid Ask Time
18.94615 2023-03-20 21:52:11
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