Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for MXNUSD
The long term trend has been UP since Mar 3rd, 2017 at 0.050960
The intermediate term trend has been UP since Aug 21st, 2017 at 0.056685
The short term trend has been DOWN since Sep 19th, 2017 at 0.056235
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).