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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Euro/Mexican Peso (FOREX:EURMXN)

Strong Downtrend (-100) - EURMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMXN continues to fall. Traders should use caution and set stops.

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
20.36760 20.40205 20.15665 20.16245 -0.20515
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 23.345795

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2022 at 20.577950

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 20.747550

Smart Scan Analysis for EURMXN

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

-100
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.36760 20.40205 20.15665 20.16245 -0.20515
Prev. Close Volume Bid Ask Time
20.36760 2022-08-15 16:05:15
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