Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDMXN
The long term trend has been UP since Nov 1st, 2018 at 14.47595
The intermediate term trend has been DOWN since Dec 9th, 2018 at 14.56580
The short term trend has been DOWN since Dec 6th, 2018 at 14.76015
Smart Scan Analysis for AUDMXN
Based on a pre-defined weighted trend formula for chart analysis, AUDMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).