Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Nov 1st, 2018 at 0.074945
The intermediate term trend has been UP since Dec 12th, 2018 at 0.072715
The short term trend has been UP since Jan 15th, 2019 at 0.077300
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).