Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Bear Market Rally (-75) - AEDMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AEDMXN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AEDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDMXN
The long-term trend has been DOWN since Sep 9th, 2020 at 5.8429299
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 5.6718800
The short-term trend has been UP since Nov 30th, 2020 at 5.4718214
Smart Scan Analysis for AEDMXN
Based on our trend formula, AEDMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).