Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDMXN
The long term trend has been DOWN since Jul 31st, 2019 at 13.03995
The intermediate term trend has been DOWN since Jan 8th, 2020 at 12.94470
The short term trend has been UP since Jan 23rd, 2020 at 12.87495
Smart Scan Analysis for AUDMXN
Based on a pre-defined weighted trend formula for chart analysis, AUDMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).