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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Mexican Peso/Euro (FOREX:MXNEUR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_MXNEUR
Open High Low MXNEUR Price Change
0.043520 0.043630 0.043249 0.043440 -0.000080
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long term trend has been DOWN since Nov 13th, 2018 at 0.043220

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2018 at 0.044910

short term down The short term trend has been DOWN since Nov 8th, 2018 at 0.043639

Smart Scan Analysis for MXNEUR

Based on a pre-defined weighted trend formula for chart analysis, MXNEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.043520 0.043630 0.043249 0.043440 -0.000080
Prev. Close Volume Bid Ask Time
0.043520 0.043430 0.043450 2018-11-16 13:14:32
Want to analyze Mexican Peso/Euro MXNEUR or another symbol? Try our Free Forex Trend Analysis Report.