Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Euro/Mexican Peso (FOREX:EURMXN)
Long-Term Uptrend (+90) - EURMXN is in a strong uptrend that is likely to continue. While EURMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for EURMXN
The long-term trend has been UP since Feb 25th, 2021 at 25.38250
The intermediate-term trend has been UP since Jan 28th, 2021 at 24.65999
The short-term trend has been UP since Feb 25th, 2021 at 25.28950
Smart Scan Analysis for EURMXN
Based on our trend formula, EURMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).