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.
MarketClub’s Trade Triangles for EURMXN
The long term trend has been UP since Nov 13th, 2018 at 23.15725
The intermediate term trend has been UP since Oct 23rd, 2018 at 22.27200
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).