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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Euro/Mexican Peso (FOREX:EURMXN)

Countertrend Up (+85) - EURMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
19.80645 19.81510 19.56635 19.66175 -0.14470
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 18.88830

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 18.32995

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 19.66970

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.80645 19.81510 19.56635 19.66175 -0.14470
Prev. Close Volume Bid Ask Time
19.80645 2024-06-20 22:37:29
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