Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
US Dollar/Mexican Peso (FOREX:USDMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDMXN
The long term trend has been DOWN since Mar 3rd, 2017 at 19.623300
The intermediate term trend has been DOWN since Jul 12th, 2017 at 17.810200
The short term trend has been UP since Jul 20th, 2017 at 17.618975
Smart Scan Analysis for USDMXN
Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).