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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.

FOREX_EURMXN
Open High Low EURMXN Price Change
24.343500 24.445150 24.219000 24.219965 -0.123535
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Feb 25th, 2021 at 25.3825

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2021 at 24.6794

short term up 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).

+65
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways 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
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