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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

US Dollar/Mexican Peso (FOREX:USDMXN)

Weak Uptrend (+65) - USDMXN is showing signs of weakening momentum to the upside. Monitor 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
17.27663 17.49528 17.25703 17.39080 +0.11417
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Sep 27th, 2023 at 17.72874

intermediate term down The intermediate-term trend has been DOWN since Nov 1st, 2023 at 17.75442

short term up The short-term trend has been UP since Nov 28th, 2023 at 17.20965

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.27663 17.49528 17.25703 17.39080 +0.11417
Prev. Close Volume Bid Ask Time
17.27663 2023-11-30 13:04:59
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