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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/Mexican Peso (FOREX:USDMXN)

Crossroads (+60) - USDMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
20.97960 21.04661 20.77870 20.86285 -0.11675
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 21.46411

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2021 at 20.26052

short term up The short-term trend has been UP since Feb 25th, 2021 at 20.83089

Smart Scan Analysis for USDMXN

Based on our trend formula, USDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.97960 21.04661 20.77870 20.86285 -0.11675
Prev. Close Volume Bid Ask Time
20.97960 2021-02-26 22:45:38
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