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Forex Trend Analysis Report

Prepared for you on Saturday, November 18, 2017.

US Dollar/Mexican Peso (FOREX:USDMXN)

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.

FOREX_USDMXN
Open High Low USDMXN Price Change
18.9233 18.9233 18.9177 18.9182 -0.0051
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since Oct 5th, 2017 at 18.398240

intermediate term down The intermediate term trend has been DOWN since Nov 17th, 2017 at 18.913205

short term down The short term trend has been DOWN since Nov 16th, 2017 at 19.045500

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.9233 18.9233 18.9177 18.9182 -0.0051
Prev. Close Volume Bid Ask Time
18.9233 18.9029 18.9335 2017-11-18 23:48:02
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.