Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Weak Downtrend (-65) - AUDMXN is showing signs of a strengthening downtrend. Monitor AUDMXN as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for AUDMXN
The long-term trend has been DOWN since Apr 19th, 2021 at 15.099100
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 16.007050
The short-term trend has been UP since Apr 20th, 2021 at 15.472668
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).