Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Bear Market Rally (-75) - MXNAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MXNAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Mar 6th, 2020 at 0.0744825
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 0.0790201
The short-term trend has been UP since Mar 26th, 2020 at 0.0708180
Smart Scan Analysis for MXNAUD
Based on our trend formula, MXNAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).