Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Czech Koruna/Mexican Peso (FOREX:CZKMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 CZKMXN
The long term trend has been DOWN since Jul 3rd, 2018 at 0.87172
The intermediate term trend has been DOWN since Sep 27th, 2018 at 0.85711
The short term trend has been UP since Oct 18th, 2018 at 0.84810
Smart Scan Analysis for CZKMXN
Based on a pre-defined weighted trend formula for chart analysis, CZKMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).