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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.

FOREX_MXNCLP
Open High Low MXNCLP Price Change
31.836 31.836 31.836 31.836 0.000
Entry Signal

MarketClub’s Trade Triangles for MXNCLP

long term up The long term trend has been UP since Apr 5th, 2018 at 32.3015

intermediate term down The intermediate term trend has been DOWN since May 20th, 2018 at 31.9685

short term down 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).

-60
Smart Scan Analysis for MXNCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.836 31.836 31.836 31.836 0.000
Prev. Close Volume Bid Ask Time
32.290 31.238 32.434 2018-05-20 21:34:35
Want to analyze Mexican Peso/Chilean Peso MXNCLP or another symbol? Try our Free Forex Trend Analysis Report.