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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 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.

FOREX_MXNNZD
Open High Low MXNNZD Price Change
0.078070 0.078210 0.077855 0.077870 -0.000200
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term up The long term trend has been UP since Jul 4th, 2018 at 0.076210

intermediate term up The intermediate term trend has been UP since Jun 25th, 2018 at 0.072345

short term down The short term trend has been DOWN since Jul 17th, 2018 at 0.077805

Smart Scan Analysis for MXNNZD

Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.078070 0.078210 0.077855 0.077870 -0.000200
Prev. Close Volume Bid Ask Time
0.078070 0.077840 0.077900 2018-07-18 08:17:33
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