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Forex Trend Analysis Report

Prepared for you on Tuesday, January 14, 2025.

Euro/Mexican Peso (FOREX:EURMXN)

Weak Downtrend (-65) - EURMXN is showing signs of a strengthening downtrend. Monitor EURMXN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid EURMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMXN
Open High Low EURMXN Price Change
21.16235 21.20890 21.04350 21.15020 -0.01215
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long-term trend has been DOWN since Dec 20th, 2024 at 20.95450

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2024 at 21.38524

short term down The short-term trend has been DOWN since Jan 14th, 2025 at 21.09315

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.16235 21.20890 21.04350 21.15020 -0.01215
Prev. Close Volume Bid Ask Time
21.16235 2025-01-14 23:11:25
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