Forex Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
Mexican Peso/Euro (FOREX:MXNEUR)
Bull Market Weakness (+75) - MXNEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNEUR as it may be in the beginning stages of a reversal.
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 Feb 28th, 2020 at 0.0459865
The intermediate-term trend has been UP since Aug 23rd, 2020 at 0.0386315
The short-term trend has been UP since Sep 9th, 2020 at 0.0392515
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).