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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Weak Uptrend (+65) - AUDMXN is showing signs of weakening momentum to the upside. Monitor AUDMXN as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AUDMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDMXN
Open High Low AUDMXN Price Change
12.066500 12.128797 12.003492 12.084713 +0.018213
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 11.536800

intermediate term down The intermediate-term trend has been DOWN since Jul 16th, 2024 at 11.889467

short term up The short-term trend has been UP since Jul 24th, 2024 at 12.120750

Smart Scan Analysis for AUDMXN

Based on our trend formula, AUDMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.066500 12.128797 12.003492 12.084713 +0.018213
Prev. Close Volume Bid Ask Time
12.066500 2024-07-26 17:00:42
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