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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Sidelines Mode (+55) - AUDMXN 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 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.
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MarketClub’s Trade Triangles for AUDMXN
The long-term trend has been UP since Jun 3rd, 2024 at 11.536800
The intermediate-term trend has been UP since Nov 3rd, 2024 at 13.436265
The short-term trend has been DOWN since Nov 14th, 2024 at 13.270888
Smart Scan Analysis for AUDMXN
Based on our trend formula, AUDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.131649 | 13.143060 | 13.115034 | 13.127800 | -0.003849 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.131649 | 2024-11-20 03:33:58 |