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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.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.053008 0.053159 0.052711 0.052719 -0.000289
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long term trend has been UP since Aug 6th, 2018 at 0.054050

intermediate term down The intermediate term trend has been DOWN since Aug 12th, 2018 at 0.052180

short term down 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).

-50
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.053008 0.053159 0.052711 0.052719 -0.000289
Prev. Close Volume Bid Ask Time
0.053008 0.052677 0.052760 2018-09-24 19:46:48
Want to analyze Mexican Peso/US Dollar MXNUSD or another symbol? Try our Free Forex Trend Analysis Report.