Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Euro/Mexican Peso (FOREX:EURMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 15th, 2018 at 23.481650
The intermediate term trend has been UP since Jun 5th, 2018 at 23.563140
The short term trend has been DOWN since Jun 15th, 2018 at 24.005895
Smart Scan Analysis for EURMXN
Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).