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.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Mar 6th, 2020 at 0.0744825
The intermediate-term trend has been UP since May 18th, 2020 at 0.0652850
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).