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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Sidelines Mode (-55) - MXNAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Jun 3rd, 2024 at 0.08668100
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 0.07442545
The short-term trend has been UP since Nov 14th, 2024 at 0.07535291
Smart Scan Analysis for MXNAUD
Based on our trend formula, MXNAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07615194 | 0.07624838 | 0.07608238 | 0.07623050 | +0.00007900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07615194 | 2024-11-20 03:26:24 |