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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Bear Market Rally (-75) - AUDMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDMXN as it may be in the beginning 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
11.042200 11.094305 11.029250 11.063550 +0.021350
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 10.936900

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2024 at 10.950567

short term down The short-term trend has been DOWN since May 17th, 2024 at 11.081963

Smart Scan Analysis for AUDMXN

Based on our trend formula, AUDMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.042200 11.094305 11.029250 11.063550 +0.021350
Prev. Close Volume Bid Ask Time
11.042200 2024-05-24 17:02:18
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