Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
Bull Market Weakness (+75) - MXNAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNAED as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNAED
The long-term trend has been DOWN since Feb 28th, 2020 at 0.18714771
The intermediate-term trend has been UP since May 11th, 2020 at 0.15592281
The short-term trend has been UP since May 18th, 2020 at 0.15459003
Smart Scan Analysis for MXNAED
Based on our trend formula, MXNAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).