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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.

FOREX_MXNAUD
Open High Low MXNAUD Price Change
0.065125 0.065170 0.064940 0.064985 -0.000140
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term down The long term trend has been DOWN since May 18th, 2018 at 0.066760

intermediate term down The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.069960

short term up 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).

-85
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.065125 0.065170 0.064940 0.064985 -0.000140
Prev. Close Volume Bid Ask Time
0.065125 0.064970 0.065000 2018-06-17 19:51:23
Want to analyze Mexican Peso/Australian Dollar MXNAUD or another symbol? Try our Free Forex Trend Analysis Report.