Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Long-Term Uptrend (+90) - AUDMXN is in a strong uptrend that is likely to continue. While AUDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
14.97825 14.99555 14.83315 14.85205 -0.12620
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term up The long-term trend has been UP since Mar 6th, 2020 at 13.42590

intermediate term up The intermediate-term trend has been UP since Feb 24th, 2020 at 12.65445

short term up The short-term trend has been UP since Mar 30th, 2020 at 14.60200

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
14.97825 14.99555 14.83315 14.85205 -0.12620
Prev. Close Volume Bid Ask Time
14.97825 14.84820 14.85590 2020-04-09 07:33:28
Get a free daily analysis and signals for Australian Dollar/Mexican Peso (AUDMXN) - Request Your Free Report.