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Forex Trend Analysis Report

Prepared for you on Tuesday, May 23, 2017.

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 positive trend to resume. Uptrend 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
0.071480 0.071580 0.071290 0.071545 +0.000065
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term up The long term trend has been UP since Mar 16th, 2017 at 0.067870

intermediate term up The intermediate term trend has been UP since May 11th, 2017 at 0.071835

short term down The short term trend has been DOWN since May 23rd, 2017 at 0.071440

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
0.071480 0.071580 0.071290 0.071545 +0.000065
Prev. Close Volume Bid Ask Time
0.071480 0.071530 0.071560 2017-05-23 08:45:14
Want to analyze Mexican Peso/Australian Dollar MXNAUD or another symbol? Try our Free Forex Trend Analysis Report.