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.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Oct 6th, 2021 at 0.0664715
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 0.0672970
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).