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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

US Dollar/Mexican Peso (FOREX:USDMXN)

Strong Downtrend (-100) - USDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMXN continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMXN
Open High Low USDMXN Price Change
18.77840 18.79950 18.76215 18.77409 -0.00431
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long-term trend has been DOWN since Nov 1st, 2022 at 19.7558

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2022 at 19.3472

short term down The short-term trend has been DOWN since Jan 23rd, 2023 at 18.8472

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.77840 18.79950 18.76215 18.77409 -0.00431
Prev. Close Volume Bid Ask Time
18.77840 2023-01-29 23:38:43
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