Forex Trend Analysis Report
Prepared for you on Tuesday, July 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.
MarketClub’s Trade Triangles for MXNPEN
The long term trend has been DOWN since May 7th, 2018 at 0.169265
The intermediate term trend has been UP since Jun 26th, 2018 at 0.164735
The short term trend has been UP since Jul 11th, 2018 at 0.173090
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).