Forex Trend Analysis Report
Prepared for you on Monday, July 23, 2018.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
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 MXNCZK
The long term trend has been UP since Jul 3rd, 2018 at 1.147155
The intermediate term trend has been UP since Jun 25th, 2018 at 1.111000
The short term trend has been DOWN since Jul 20th, 2018 at 1.163640
Smart Scan Analysis for MXNCZK
Based on a pre-defined weighted trend formula for chart analysis, MXNCZK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).