Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
US Dollar/Mexican Peso (FOREX:USDMXN)
Countertrend Down (-85) - USDMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 16.969860
The intermediate-term trend has been DOWN since Feb 20th, 2024 at 17.007510
The short-term trend has been UP since Mar 18th, 2024 at 16.740535
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
16.717040 | 16.868600 | 16.679400 | 16.834195 | +0.117155 |
Prev. Close | Volume | Bid | Ask | Time |
16.717040 | 2024-03-18 22:10:20 |