Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
US Dollar/Mexican Peso (FOREX:USDMXN)
Strong Uptrend (+100) - USDMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Sep 27th, 2023 at 17.72874
The intermediate-term trend has been UP since Sep 4th, 2023 at 17.20800
The short-term trend has been UP since Oct 3rd, 2023 at 17.73100
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).