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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Mexican Peso/Australian Dollar (FOREX:MXNAUD)

Weak Downtrend (-65) - MXNAUD is showing signs of a strengthening downtrend. Monitor MXNAUD as it may be building momentum to the downside.

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
0.08287350 0.08330537 0.08245897 0.08274922 -0.00012400
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.08668100

intermediate term up The intermediate-term trend has been UP since Jul 16th, 2024 at 0.08408200

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 0.08265105

Smart Scan Analysis for MXNAUD

Based on our trend formula, MXNAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08287350 0.08330537 0.08245897 0.08274922 -0.00012400
Prev. Close Volume Bid Ask Time
0.08287350 2024-07-26 17:00:42
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