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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.

FOREX_AUDMXN
Open High Low AUDMXN Price Change
15.623338 15.676450 15.542631 15.626279 +0.002941
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long-term trend has been DOWN since Apr 19th, 2021 at 15.099100

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2021 at 16.007050

short term up 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).

-65
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.623338 15.676450 15.542631 15.626279 +0.002941
Prev. Close Volume Bid Ask Time
15.623338 2021-05-07 17:13:42
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