Analyze Symbol

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.

FOREX_EURMXN
Open High Low EURMXN Price Change
22.80919 22.80919 22.79619 22.79619 -0.01300
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long term trend has been UP since Aug 28th, 2017 at 21.350150

intermediate term down The intermediate term trend has been DOWN since Feb 23rd, 2018 at 22.802950

short term down 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).

-70
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.80919 22.80919 22.79619 22.79619 -0.01300
Prev. Close Volume Bid Ask Time
22.80919 22.77840 22.81398 2018-02-24 10:26:22
Want to analyze Euro/Mexican Peso EURMXN or another symbol? Try our Free Forex Trend Analysis Report.