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.
MarketClub’s Trade Triangles for MXNAUD
The long term trend has been UP since Mar 16th, 2017 at 0.067870
The intermediate term trend has been UP since May 11th, 2017 at 0.071835
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).