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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Mexican Peso/Australian Dollar (FOREX:MXNAUD)

Strong Downtrend (-100) - MXNAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
0.06600803 0.06602486 0.06576188 0.06580400 -0.00020400
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 0.0664715

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2021 at 0.0672970

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 0.0657385

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).

-100
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06600803 0.06602486 0.06576188 0.06580400 -0.00020400
Prev. Close Volume Bid Ask Time
0.06600803 2021-10-22 05:13:42
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