Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

US Dollar/Mexican Peso (FOREX:USDMXN)

Sidelines Mode (+55) - USDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
20.3396 20.3396 20.3396 20.3396 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 20.689400

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 20.201390

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 20.701645

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.3396 20.3396 20.3396 20.3396 0.0000
Prev. Close Volume Bid Ask Time
20.3396 2021-10-17 05:01:10
Get a free daily analysis and signals for US Dollar/Mexican Peso (USDMXN) - Request Your Free Report.