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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
20.4739 20.4739 20.4739 20.4739 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 20.6894

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2021 at 20.8142

short term up 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).

+65
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.4739 20.4739 20.4739 20.4739 0.0000
Prev. Close Volume Bid Ask Time
20.4739 2022-01-23 00:40:32
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