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Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

Mexican Peso/Chilean Peso (FOREX:MXNCLP)

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.

Open High Low MXNCLP Price Change
34.815 35.039 34.815 35.039 +0.224
Entry Signal

MarketClub’s Trade Triangles for MXNCLP

long term up The long term trend has been UP since Jul 3rd, 2018 at 33.1460

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 34.3335

short term up The short term trend has been UP since Aug 14th, 2018 at 34.7795

Smart Scan Analysis for MXNCLP

Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MXNCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.815 35.039 34.815 35.039 +0.224
Prev. Close Volume Bid Ask Time
34.815 34.386 35.692 2018-08-14 21:13:23
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