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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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
12.6946 12.7060 12.6922 12.6958 +0.0012
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long term trend has been DOWN since Jul 4th, 2018 at 13.12185

intermediate term up The intermediate term trend has been UP since Oct 19th, 2018 at 12.68570

short term up 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).

+60
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.6946 12.7060 12.6922 12.6958 +0.0012
Prev. Close Volume Bid Ask Time
12.6946 12.6914 12.7002 2018-10-22 04:29:47
Want to analyze New Zealand Dollar/Mexican Peso NZDMXN or another symbol? Try our Free Forex Trend Analysis Report.