Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 May 18th, 2018 at 0.066760
The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.069960
The short term trend has been UP since Jun 15th, 2018 at 0.064485
Smart Scan Analysis for MXNAUD
Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).