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Forex Trend Analysis Report

Prepared for you on Friday, May 26, 2017.

US Dollar/Mexican Peso (FOREX:USDMXN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_USDMXN
Open High Low USDMXN Price Change
18.517815 18.520305 18.424350 18.505690 -0.012125
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long term trend has been DOWN since Mar 3rd, 2017 at 19.623300

intermediate term down The intermediate term trend has been DOWN since May 22nd, 2017 at 18.593290

short term down The short term trend has been DOWN since May 22nd, 2017 at 18.635375

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.517815 18.520305 18.424350 18.505690 -0.012125
Prev. Close Volume Bid Ask Time
18.517815 18.501940 18.509440 2017-05-26 12:53:51
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.