Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 MXNUSD
The long term trend has been UP since Aug 6th, 2018 at 0.054050
The intermediate term trend has been DOWN since Aug 12th, 2018 at 0.052180
The short term trend has been DOWN since Sep 21st, 2018 at 0.052947
Smart Scan Analysis for MXNUSD
Based on a pre-defined weighted trend formula for chart analysis, MXNUSD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).