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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Euro/Mexican Peso (FOREX:EURMXN)

Weak Downtrend (-65) - EURMXN is showing signs of a strengthening downtrend. Monitor EURMXN as it may be building momentum to the downside.

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
21.21820 21.29240 21.12255 21.15515 -0.06305
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 18.8883

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 21.3221

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 21.3655

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.21820 21.29240 21.12255 21.15515 -0.06305
Prev. Close Volume Bid Ask Time
21.21820 2024-12-11 11:51:31
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