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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.

FOREX_EURMXN
Open High Low EURMXN Price Change
22.290300 22.290450 22.263485 22.274750 -0.015550
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long term trend has been UP since Aug 28th, 2017 at 21.35015

intermediate term up The intermediate term trend has been UP since Jul 3rd, 2017 at 20.74150

short term down 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).

+75
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.290300 22.290450 22.263485 22.274750 -0.015550
Prev. Close Volume Bid Ask Time
22.290300 22.269500 22.280000 2017-10-19 01:30:40
Want to analyze Euro/Mexican Peso EURMXN or another symbol? Try our Free Forex Trend Analysis Report.