Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
Weak Downtrend (-65) - MXNAED is showing signs of a strengthening downtrend. Monitor MXNAED as it may be building momentum to the downside.
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 Oct 1st, 2021 at 0.17754780
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.18179146
The short-term trend has been UP since Oct 13th, 2021 at 0.17741963
Smart Scan Analysis for MXNAED
Based on our trend formula, MXNAED is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).