Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Euro/Mexican Peso (FOREX:EURMXN)
Crossroads (+60) - EURMXN 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 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 DOWN since Mar 1st, 2023 at 19.3365
The intermediate-term trend has been UP since Mar 12th, 2023 at 19.7384
The short-term trend has been UP since Mar 20th, 2023 at 20.2949
Smart Scan Analysis for EURMXN
Based on our trend formula, EURMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).