Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 MXNCLP
The long term trend has been UP since Apr 5th, 2018 at 32.3015
The intermediate term trend has been DOWN since May 20th, 2018 at 31.9685
The short term trend has been DOWN since May 20th, 2018 at 31.9685
Smart Scan Analysis for MXNCLP
Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).