Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Long-Term Downtrend (-90) - AUDMXN is in a strong downtrend that is likely to continue. While AUDMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for AUDMXN
The long-term trend has been DOWN since Oct 13th, 2020 at 15.214650
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 14.833700
The short-term trend has been DOWN since Dec 1st, 2020 at 14.734475
Smart Scan Analysis for AUDMXN
Based on our trend formula, AUDMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).