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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Euro/Mexican Peso (FOREX:EURMXN)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_EURMXN
Open High Low EURMXN Price Change
22.97515 23.07250 22.92000 23.06945 +0.09430
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long term trend has been UP since Nov 13th, 2018 at 23.15725

intermediate term up The intermediate term trend has been UP since Oct 23rd, 2018 at 22.27200

short term up The short term trend has been UP since Nov 8th, 2018 at 22.91615

Smart Scan Analysis for EURMXN

Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.97515 23.07250 22.92000 23.06945 +0.09430
Prev. Close Volume Bid Ask Time
22.97515 23.06440 23.07450 2018-11-16 08:27:47
Want to analyze Euro/Mexican Peso EURMXN or another symbol? Try our Free Forex Trend Analysis Report.