Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, January 17, 2018.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

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_MXNPEN
Open High Low MXNPEN Price Change
0.170610 0.172580 0.170425 0.172570 +0.001960
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long term trend has been DOWN since Oct 6th, 2017 at 0.177095

intermediate term up The intermediate term trend has been UP since Jan 15th, 2018 at 0.169060

short term up The short term trend has been UP since Jan 12th, 2018 at 0.167605

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
0.170610 0.172580 0.170425 0.172570 +0.001960
Prev. Close Volume Bid Ask Time
0.170610 0.172470 0.172670 2018-01-17 13:39:19
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