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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_MXNUSD
Open High Low MXNUSD Price Change
0.049270 0.049450 0.049170 0.049265 -0.000005
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long term trend has been DOWN since May 2nd, 2018 at 0.052230

intermediate term down The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.053915

short term up The short term trend has been UP since Jun 18th, 2018 at 0.048723

Smart Scan Analysis for MXNUSD

Based on a pre-defined weighted trend formula for chart analysis, MXNUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.049270 0.049450 0.049170 0.049265 -0.000005
Prev. Close Volume Bid Ask Time
0.049270 0.049260 0.049270 2018-06-22 05:28:08
Want to analyze Mexican Peso/US Dollar MXNUSD or another symbol? Try our Free Forex Trend Analysis Report.