Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Mexican Peso/Euro (FOREX:MXNEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.
MarketClub’s Trade Triangles for MXNEUR
The long term trend has been UP since Jul 12th, 2018 at 0.045260
The intermediate term trend has been DOWN since Aug 24th, 2018 at 0.045365
The short term trend has been UP since Sep 7th, 2018 at 0.044900
Smart Scan Analysis for MXNEUR
Based on a pre-defined weighted trend formula for chart analysis, MXNEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).