Forex Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
US Dollar/Mexican Peso (FOREX:USDMXN)
Long-Term Uptrend (+90) - USDMXN is in a strong uptrend that is likely to continue. While USDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 28th, 2020 at 19.62666
The intermediate-term trend has been UP since Feb 21st, 2020 at 18.97639
The short-term trend has been UP since Feb 18th, 2020 at 18.65137
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).