Forex Trend Analysis Report
Prepared for you on Wednesday, January 16, 2019.
US Dollar/Mexican Peso (FOREX:USDMXN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDMXN
The long term trend has been UP since Oct 31st, 2018 at 20.19154
The intermediate term trend has been DOWN since Dec 12th, 2018 at 20.01150
The short term trend has been DOWN since Jan 2nd, 2019 at 19.61410
Smart Scan Analysis for USDMXN
Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).