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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

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.

FOREX_MXNPEN
Open High Low MXNPEN Price Change
0.166175 0.166175 0.166175 0.166175 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long term trend has been DOWN since Nov 13th, 2018 at 0.164935

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2018 at 0.164045

short term down The short term trend has been DOWN since Dec 4th, 2018 at 0.165905

Smart Scan Analysis for MXNPEN

Based on a pre-defined weighted trend formula for chart analysis, MXNPEN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.166175 0.166175 0.166175 0.166175 0.000000
Prev. Close Volume Bid Ask Time
0.166175 0.162720 0.169630 2018-12-09 20:46:51
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