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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.

FOREX_AUDMXN
Open High Low AUDMXN Price Change
14.53105 14.60460 14.52880 14.60270 +0.07165
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term up The long term trend has been UP since Nov 1st, 2018 at 14.47595

intermediate term down The intermediate term trend has been DOWN since Dec 9th, 2018 at 14.56580

short term down 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).

-60
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.53105 14.60460 14.52880 14.60270 +0.07165
Prev. Close Volume Bid Ask Time
14.53105 14.59930 14.60610 2018-12-13 11:28:24
Want to analyze Australian Dollar/Mexican Peso AUDMXN or another symbol? Try our Free Forex Trend Analysis Report.