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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

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.

FOREX_MXNAUD
Open High Low MXNAUD Price Change
0.067461 0.067520 0.066932 0.066949 -0.000512
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.0744825

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.0652850

short term down The short-term trend has been DOWN since May 31st, 2020 at 0.0674190

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).

-55
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.067461 0.067520 0.066932 0.066949 -0.000512
Prev. Close Volume Bid Ask Time
0.067461 0.066938 0.066960 2020-06-01 12:29:12
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