Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/Mexican Peso (FOREX:USDMXN)
Weak Downtrend (-65) - USDMXN is showing signs of a strengthening downtrend. Monitor USDMXN as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDMXN
The long-term trend has been UP since Feb 28th, 2020 at 19.626660
The intermediate-term trend has been DOWN since May 11th, 2020 at 23.566875
The short-term trend has been DOWN since May 18th, 2020 at 23.763985
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).