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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
18.988890 19.047460 18.873375 18.894400 -0.094490
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since Oct 31st, 2018 at 20.19154

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2018 at 20.01150

short term down 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).

-60
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.988890 19.047460 18.873375 18.894400 -0.094490
Prev. Close Volume Bid Ask Time
18.988890 18.879400 18.909400 2019-01-16 21:14:59
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.