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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Sidelines Mode (+55) - AUDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMXN.
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 AUDMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 10.936900
The intermediate-term trend has been UP since Apr 17th, 2024 at 10.950567
The short-term trend has been DOWN since May 7th, 2024 at 11.136600
Smart Scan Analysis for AUDMXN
Based on our trend formula, AUDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.136255 | 11.187696 | 11.120250 | 11.162950 | +0.026695 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.136255 | 2024-05-09 09:46:12 |