Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
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.
MarketClub’s Trade Triangles for MXNNZD
The long term trend has been DOWN since Oct 12th, 2017 at 0.074605
The intermediate term trend has been UP since Jan 15th, 2018 at 0.072955
The short term trend has been UP since Jan 14th, 2018 at 0.072705
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).