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.
MarketClub’s Trade Triangles for MXNAUD
The long-term trend has been DOWN since Feb 17th, 2021 at 0.06349675
The intermediate-term trend has been UP since Mar 15th, 2021 at 0.06247350
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).