Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Strong Uptrend (+100) - AEDMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AEDMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid AEDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDMXN
The long-term trend has been UP since Oct 1st, 2021 at 5.6322308
The intermediate-term trend has been UP since Sep 28th, 2021 at 5.5006126
The short-term trend has been UP since Sep 24th, 2021 at 5.4895889
Smart Scan Analysis for AEDMXN
Based on our trend formula, AEDMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).