Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
MEXICAN PESO Jun 2021 (CME:6M.M21)
Long-Term Downtrend (-90) - 6M.M21 is in a strong downtrend that is likely to continue. While 6M.M21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 6M.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for 6M.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 6M.M21
The long-term trend has been DOWN since Feb 25th, 2021 at 0.04740
The intermediate-term trend has been DOWN since May 6th, 2021 at 0.04907
The short-term trend has been DOWN since May 6th, 2021 at 0.04912
Smart Scan Analysis for 6M.M21
Based on our trend formula, 6M.M21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).