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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
19.8659 19.8659 19.8659 19.8659 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long-term trend has been DOWN since Feb 16th, 2022 at 20.26080

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2022 at 19.99457

short term down 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).

-75
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.8659 19.8659 19.8659 19.8659 0.0000
Prev. Close Volume Bid Ask Time
19.8659 2022-06-26 01:15:32
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