Forex Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Bull Market Weakness (+75) - AEDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AEDMXN as it may be in the beginning stages of a reversal.
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 DOWN since Sep 9th, 2020 at 5.8429299
The intermediate-term trend has been UP since Sep 3rd, 2020 at 6.1360010
The short-term trend has been UP since Sep 21st, 2020 at 5.7573259
Smart Scan Analysis for AEDMXN
Based on our trend formula, AEDMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).