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Forex Trend Analysis Report

Prepared for you on Saturday, April 17, 2021.

Mexican Peso/Australian Dollar (FOREX:MXNAUD)

Sidelines Mode (-55) - MXNAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.06487017 0.06487017 0.06487017 0.06487017 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long-term trend has been DOWN since Feb 17th, 2021 at 0.06349675

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2021 at 0.06247350

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 0.06495832

Smart Scan Analysis for MXNAUD

Based on our trend formula, MXNAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06487017 0.06487017 0.06487017 0.06487017 0.00000000
Prev. Close Volume Bid Ask Time
0.06487017 2021-04-17 23:40:26
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