Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NZDMXN
The long term trend has been DOWN since Jul 4th, 2018 at 13.12185
The intermediate term trend has been UP since Oct 19th, 2018 at 12.68570
The short term trend has been UP since Oct 18th, 2018 at 12.42600
Smart Scan Analysis for NZDMXN
Based on a pre-defined weighted trend formula for chart analysis, NZDMXN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).