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Forex Trend Analysis Report

Prepared for you on Tuesday, September 22, 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.

Open High Low EURMXN Price Change
25.1298 25.4925 25.0391 25.3742 +0.2444
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 Aug 23rd, 2020 at 25.88360

short term up The short-term trend has been UP since Sep 21st, 2020 at 25.04145

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).

Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.1298 25.4925 25.0391 25.3742 +0.2444
Prev. Close Volume Bid Ask Time
25.1298 25.3470 25.4014 2020-09-22 17:47:40
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