Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 MXNAUD
The long term trend has been DOWN since Sep 5th, 2017 at 0.069910
The intermediate term trend has been UP since Nov 7th, 2017 at 0.068615
The short term trend has been DOWN since Dec 1st, 2017 at 0.070570
Smart Scan Analysis for MXNAUD
Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).