Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
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 MXNBRL
The long term trend has been UP since Feb 12th, 2018 at 0.176400
The intermediate term trend has been UP since Jan 15th, 2018 at 0.170155
The short term trend has been DOWN since Feb 14th, 2018 at 0.174015
Smart Scan Analysis for MXNBRL
Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).