Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Countertrend Up (+85) - MXNAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MXNAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been UP since Oct 10th, 2022 at 0.07849705
The intermediate-term trend has been UP since Apr 2nd, 2023 at 0.08308217
The short-term trend has been DOWN since Jun 1st, 2023 at 0.08662415
Smart Scan Analysis for MXNAUD
Based on our trend formula, MXNAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).