Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Bull Market Weakness (+75) - MXNAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNAUD as it may be in the beginning stages 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 UP since Oct 10th, 2022 at 0.07849705
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.08979505
The short-term trend has been UP since Sep 21st, 2023 at 0.09117623
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).