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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Euro/Mexican Peso (FOREX:EURMXN)

Long-Term Uptrend (+90) - EURMXN is in a strong uptrend that is likely to continue. While EURMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
25.49365 25.53235 25.17215 25.18590 -0.30775
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Feb 25th, 2021 at 25.38250

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2021 at 24.65999

short term up The short-term trend has been UP since Feb 25th, 2021 at 25.28950

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.49365 25.53235 25.17215 25.18590 -0.30775
Prev. Close Volume Bid Ask Time
25.49365 2021-02-26 23:35:46
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