Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 19th, 2018 at 0.078830
The short term trend has been DOWN since Nov 7th, 2018 at 0.074585
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).