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.
MarketClub’s Trade Triangles for MXNEUR
The long-term trend has been DOWN since Oct 1st, 2021 at 0.04164514
The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.04120663
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).