Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Weak Downtrend (-65) - AUDMXN is showing signs of a strengthening downtrend. Monitor AUDMXN as it may be building momentum to the downside.
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 -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.098613 | 11.130372 | 11.053972 | 11.111810 | +0.013197 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.098613 | 2024-05-10 17:01:24 |
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