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.
MarketClub’s Trade Triangles for MXNUSD
The long term trend has been DOWN since May 2nd, 2018 at 0.052230
The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.053915
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).