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.
MarketClub’s Trade Triangles for USDMXN
The long-term trend has been DOWN since Nov 1st, 2022 at 19.755800
The intermediate-term trend has been UP since Mar 13th, 2023 at 18.594900
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).