Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Strong Uptrend (+100) - MXNAUD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNAUD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Apr 25th, 2022 at 0.06898579
The intermediate-term trend has been UP since Aug 15th, 2022 at 0.07131567
The short-term trend has been UP since Aug 15th, 2022 at 0.07094951
Smart Scan Analysis for MXNAUD
Based on our trend formula, MXNAUD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).