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.
MarketClub’s Trade Triangles for EURMXN
The long-term trend has been UP since Oct 8th, 2021 at 24.01150
The intermediate-term trend has been UP since Sep 28th, 2021 at 23.70855
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).