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.
MarketClub’s Trade Triangles for AUDMXN
The long-term trend has been DOWN since Oct 13th, 2020 at 15.21465
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 14.83370
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).