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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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
20.33960 20.37150 20.32065 20.37138 +0.03178
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 20.689400

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 20.201390

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 20.701645

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
20.33960 20.37150 20.32065 20.37138 +0.03178
Prev. Close Volume Bid Ask Time
20.33960 2021-10-17 21:07:43
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