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Forex Trend Analysis Report

Prepared for you on Saturday, November 28, 2020.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Countertrend Down (-85) - AUDMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
14.803547 14.803547 14.803547 14.803547 0.000000
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Oct 13th, 2020 at 15.21465

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 14.83370

short term up The short-term trend has been UP since Nov 27th, 2020 at 14.77565

Smart Scan Analysis for AUDMXN

Based on our trend formula, AUDMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.803547 14.803547 14.803547 14.803547 0.000000
Prev. Close Volume Bid Ask Time
14.803547 2020-11-28 05:40:06
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