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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.

FOREX_MXNAUD
Open High Low MXNAUD Price Change
0.08676992 0.08726642 0.08641797 0.08663800 -0.00013200
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term up The long-term trend has been UP since Oct 10th, 2022 at 0.07849705

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2023 at 0.08308217

short term down 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).

+85
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08676992 0.08726642 0.08641797 0.08663800 -0.00013200
Prev. Close Volume Bid Ask Time
0.08676992 2023-06-01 16:16:07
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