Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Oct 5th, 2017 at 0.054350
The intermediate term trend has been UP since Nov 17th, 2017 at 0.052872
The short term trend has been UP since Nov 16th, 2017 at 0.052494
Smart Scan Analysis for MXNUSD
Based on a pre-defined weighted trend formula for chart analysis, MXNUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).