Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 25th, 2018 at 0.067205
The short term trend has been DOWN since Aug 17th, 2018 at 0.071775
Smart Scan Analysis for MXNAUD
Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).