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Forex Trend Analysis Report

Prepared for you on Monday, November 29, 2021.

Mexican Peso/Euro (FOREX:MXNEUR)

Long-Term Downtrend (-90) - MXNEUR is in a strong downtrend that is likely to continue. While MXNEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.04063466 0.04100800 0.04028200 0.04089753 +0.00026300
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.04164514

intermediate term down The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.04120663

short term down The short-term trend has been DOWN since Nov 18th, 2021 at 0.04226159

Smart Scan Analysis for MXNEUR

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

-90
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04063466 0.04100800 0.04028200 0.04089753 +0.00026300
Prev. Close Volume Bid Ask Time
0.04063466 2021-11-29 21:17:11
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