Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Strong Uptrend (+100) - MXNUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 1st, 2022 at 0.05062476
The intermediate-term trend has been UP since Dec 25th, 2022 at 0.05168650
The short-term trend has been UP since Jan 27th, 2023 at 0.05324052
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).