Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Mexican Peso/Australian Dollar (FOREX:MXNAUD)

Long-Term Downtrend (-90) - MXNAUD is in a strong downtrend that is likely to continue. While MXNAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_MXNAUD
Open High Low MXNAUD Price Change
0.06095457 0.06176332 0.06079649 0.06161012 +0.00065600
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long-term trend has been DOWN since Feb 17th, 2021 at 0.06349675

intermediate term down The intermediate-term trend has been DOWN since Dec 10th, 2020 at 0.06698050

short term down The short-term trend has been DOWN since Feb 9th, 2021 at 0.06438822

Smart Scan Analysis for MXNAUD

Based on our trend formula, MXNAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06095457 0.06176332 0.06079649 0.06161012 +0.00065600
Prev. Close Volume Bid Ask Time
0.06095457 2021-02-26 11:00:31
Get a free daily analysis and signals for Mexican Peso/Australian Dollar (MXNAUD) - Request Your Free Report.