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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Euro/Mexican Peso (FOREX:EURMXN)

Sidelines Mode (-55) - EURMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_EURMXN
Open High Low EURMXN Price Change
24.6225 24.6225 24.6225 24.6225 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 21.74575

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 25.56845

short term up The short-term trend has been UP since May 29th, 2020 at 24.72750

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.6225 24.6225 24.6225 24.6225 0.0000
Prev. Close Volume Bid Ask Time
24.6225 24.6060 24.6390 2020-05-30 08:31:06
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