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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
19.52575 19.89300 19.47762 19.74102 +0.21527
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 19.62666

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2020 at 18.97639

short term up 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).

+90
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.52575 19.89300 19.47762 19.74102 +0.21527
Prev. Close Volume Bid Ask Time
19.52575 19.73852 19.74352 2020-02-28 07:16:54
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