Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Bull Market Weakness (+75) - AEDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AEDMXN as it may be in the beginning stages 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 UP since Jan 26th, 2021 at 5.5158989
The short-term trend has been UP since Feb 25th, 2021 at 5.6713250
Smart Scan Analysis for AEDMXN
Based on our trend formula, AEDMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).