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Forex Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Crossroads (+60) - AUDMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
11.514550 11.553554 11.373150 11.445186 -0.069364
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 10.936900

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 11.566344

short term up The short-term trend has been UP since Dec 4th, 2023 at 11.566344

Smart Scan Analysis for AUDMXN

Based on our trend formula, AUDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.514550 11.553554 11.373150 11.445186 -0.069364
Prev. Close Volume Bid Ask Time
11.514550 2023-12-05 23:39:59
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