Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
US Dollar/Mexican Peso (FOREX:USDMXN)
Weak Uptrend (+65) - USDMXN is showing signs of weakening momentum to the upside. Monitor USDMXN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDMXN
The long-term trend has been UP since Oct 1st, 2021 at 20.6894
The intermediate-term trend has been DOWN since Dec 16th, 2021 at 20.8142
The short-term trend has been UP since Jan 18th, 2022 at 20.3668
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).