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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.

FOREX_AUDMXN
Open High Low AUDMXN Price Change
14.76335 14.76595 14.68930 14.72125 -0.04210
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Oct 13th, 2020 at 15.214650

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 14.833700

short term down 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).

-90
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.76335 14.76595 14.68930 14.72125 -0.04210
Prev. Close Volume Bid Ask Time
14.76335 2020-12-04 09:25:13
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