Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Sidelines Mode (+55) - AEDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 28th, 2020 at 5.3432048
The intermediate-term trend has been UP since Feb 21st, 2020 at 5.1665255
The short-term trend has been DOWN since Apr 7th, 2020 at 6.6439222
Smart Scan Analysis for AEDMXN
Based on our trend formula, AEDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).