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.
MarketClub’s Trade Triangles for AUDMXN
The long-term trend has been UP since Mar 6th, 2020 at 13.42590
The intermediate-term trend has been UP since Feb 24th, 2020 at 12.65445
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).