Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
US Dollar/Mexican Peso (FOREX:USDMXN)
Strong Downtrend (-100) - USDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMXN continues to fall. 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 Nov 1st, 2022 at 19.7558
The intermediate-term trend has been DOWN since Dec 25th, 2022 at 19.3472
The short-term trend has been DOWN since Jan 23rd, 2023 at 18.8472
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).