Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
Long-Term Uptrend (+90) - MXNAED is in a strong uptrend that is likely to continue. While MXNAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MXNAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNAED
The long-term trend has been UP since Nov 10th, 2022 at 0.18902324
The intermediate-term trend has been UP since Apr 3rd, 2023 at 0.20410380
The short-term trend has been UP since Jun 1st, 2023 at 0.20943127
Smart Scan Analysis for MXNAED
Based on our trend formula, MXNAED is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).