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.
MarketClub’s Trade Triangles for EURMXN
The long-term trend has been DOWN since Dec 17th, 2021 at 23.345795
The intermediate-term trend has been DOWN since Aug 11th, 2022 at 20.577950
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).