Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Bear Market Rally (-75) - AUDMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDMXN as it may be in the beginning of a reversal.
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 10th, 2022 at 12.739778
The intermediate-term trend has been UP since Mar 19th, 2023 at 12.732250
The short-term trend has been DOWN since Mar 21st, 2023 at 12.501550
Smart Scan Analysis for AUDMXN
Based on our trend formula, AUDMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).