Forex Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Sidelines Mode (+55) - MXNUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been UP since May 14th, 2021 at 0.05054822
The intermediate-term trend has been UP since Sep 13th, 2021 at 0.05037101
The short-term trend has been DOWN since Sep 14th, 2021 at 0.05019600
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).