Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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MarketClub’s Trade Triangles for AUDMXN
The long term trend has been DOWN since Jul 31st, 2019 at 13.03995
The intermediate term trend has been DOWN since Jan 8th, 2020 at 12.94470
The short term trend has been DOWN since Jan 27th, 2020 at 12.81405
Smart Scan Analysis for AUDMXN
Based on a pre-defined weighted trend formula for chart analysis, AUDMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.76495 | 12.76615 | 12.64215 | 12.65235 | -0.11260 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.76495 | 12.65000 | 12.65470 | 2020-01-28 18:06:14 |