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.
MarketClub’s Trade Triangles for MXNPEN
The long term trend has been DOWN since Oct 6th, 2017 at 0.177095
The intermediate term trend has been UP since Jan 15th, 2018 at 0.169060
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).