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.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Feb 17th, 2021 at 0.06349675
The intermediate-term trend has been DOWN since Dec 10th, 2020 at 0.06698050
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).