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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 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.

FOREX_EURMXN
Open High Low EURMXN Price Change
23.5684 23.6502 23.5335 23.5958 +0.0274
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Oct 8th, 2021 at 24.01150

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 23.70855

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 23.93150

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
23.5684 23.6502 23.5335 23.5958 +0.0274
Prev. Close Volume Bid Ask Time
23.5684 2021-10-21 12:05:37
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