Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Czech Koruna/Mexican Peso (FOREX:CZKMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Nov 13th, 2018 at 0.89317
The intermediate term trend has been UP since Oct 21st, 2018 at 0.85974
The short term trend has been DOWN since Dec 7th, 2018 at 0.88913
Smart Scan Analysis for CZKMXN
Based on a pre-defined weighted trend formula for chart analysis, CZKMXN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).