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Forex Trend Analysis Report

Prepared for you on Thursday, January 20, 2022.

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.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.04879444 0.04905571 0.04873200 0.04895598 +0.00016200
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.04833751

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2021 at 0.04803847

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 0.04912002

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).

+55
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04879444 0.04905571 0.04873200 0.04895598 +0.00016200
Prev. Close Volume Bid Ask Time
0.04879444 2022-01-20 12:24:44
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