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Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/Mexican Peso (FOREX:EURMXN)
Weak Uptrend (+65) - EURMXN is showing signs of weakening momentum to the upside. Monitor EURMXN as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for EURMXN
The long-term trend has been UP since Feb 25th, 2021 at 25.3825
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 24.6794
The short-term trend has been UP since Apr 20th, 2021 at 23.9590
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.343500 | 24.445150 | 24.219000 | 24.219965 | -0.123535 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.343500 | 2021-05-06 15:53:31 |