Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
MEXICAN PESO Oct 2021 (CME:6M.V21)
Bear Market Rally (-75) - 6M.V21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on 6M.V21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid 6M.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6M.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6M.V21
The long-term trend has been DOWN since Oct 11th, 2021 at 0.04857
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.04938
The short-term trend has been UP since Oct 15th, 2021 at 0.04880
Smart Scan Analysis for 6M.V21
Based on our trend formula, 6M.V21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).