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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.

FOREX_AEDMXN
Open High Low AEDMXN Price Change
5.4729555 5.4837934 5.4449965 5.4621563 -0.0107990
Entry Signal

MarketClub’s Trade Triangles for AEDMXN

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 5.8429299

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 5.6718800

short term up 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).

-75
Smart Scan Analysis for AEDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4729555 5.4837934 5.4449965 5.4621563 -0.0107990
Prev. Close Volume Bid Ask Time
5.4729555 2020-12-01 12:52:51
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