Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Euro/Mexican Peso (FOREX:EURMXN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 21.35015
The intermediate term trend has been UP since Jul 3rd, 2017 at 20.74150
The short term trend has been DOWN since Oct 17th, 2017 at 22.32500
Smart Scan Analysis for EURMXN
Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).