Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Mexican Peso/Euro (FOREX:MXNEUR)

Weak Downtrend (-65) - MXNEUR is showing signs of a strengthening downtrend. Monitor MXNEUR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.05519200 0.05529061 0.05513009 0.05519969 +0.00000800
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.05507557

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.05554011

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 0.05617140

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05519200 0.05529061 0.05513009 0.05519969 +0.00000800
Prev. Close Volume Bid Ask Time
0.05519200 2024-04-18 06:58:10
Get a free daily analysis and signals for Mexican Peso/Euro (MXNEUR) - Request Your Free Report.