Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
US Dollar/Mexican Peso (FOREX:USDMXN)
Long-Term Downtrend (-90) - USDMXN is in a strong downtrend that is likely to continue. While USDMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Mar 14th, 2025 at 20.021000
The intermediate-term trend has been DOWN since Apr 17th, 2025 at 19.851160
The short-term trend has been DOWN since May 5th, 2025 at 19.546645
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.56226 | 19.62329 | 19.51350 | 19.53280 | -0.02946 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.56226 | 2025-05-08 22:44:17 |