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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.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.0403270 0.0403950 0.0403105 0.0403800 +0.0000530
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.0459865

intermediate term up The intermediate-term trend has been UP since Aug 23rd, 2020 at 0.0386315

short term up 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).

+70
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0403270 0.0403950 0.0403105 0.0403800 +0.0000530
Prev. Close Volume Bid Ask Time
0.0403270 0.0403740 0.0403860 2020-09-18 02:36:19
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