Forex Trend Analysis Report
Prepared for you on Saturday, February 24, 2018.
Euro/Mexican Peso (FOREX:EURMXN)
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 EURMXN
The long term trend has been UP since Aug 28th, 2017 at 21.350150
The intermediate term trend has been DOWN since Feb 23rd, 2018 at 22.802950
The short term trend has been DOWN since Feb 22nd, 2018 at 22.907545
Smart Scan Analysis for EURMXN
Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).