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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

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
12.269649 12.283750 12.230357 12.250400 -0.019249
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Oct 10th, 2022 at 12.739778

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2023 at 12.732250

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 12.501550

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
12.269649 12.283750 12.230357 12.250400 -0.019249
Prev. Close Volume Bid Ask Time
12.269649 2023-03-27 02:48:58
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