Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
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 MXNAUD
The long term trend has been UP since Jul 26th, 2018 at 0.072065
The intermediate term trend has been UP since Sep 11th, 2018 at 0.073225
The short term trend has been DOWN since Oct 17th, 2018 at 0.074295
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).