Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
US Dollar/Mexican Peso (FOREX:USDMXN)
Crossroads (+60) - USDMXN is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for USDMXN
The long-term trend has been DOWN since Sep 9th, 2020 at 21.46411
The intermediate-term trend has been UP since Jan 26th, 2021 at 20.26052
The short-term trend has been UP since Feb 25th, 2021 at 20.83089
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).