Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MXNNZD
The long term trend has been DOWN since Oct 12th, 2017 at 0.074605
The intermediate term trend has been DOWN since Sep 19th, 2017 at 0.076580
The short term trend has been UP since Oct 17th, 2017 at 0.074205
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).