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Forex Trend Analysis Report

Prepared for you on Tuesday, January 23, 2018.

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
18.70990 18.71086 18.68339 18.69300 -0.01690
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since Oct 5th, 2017 at 18.39824

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2018 at 19.00640

short term down The short term trend has been DOWN since Jan 12th, 2018 at 19.16490

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
18.70990 18.71086 18.68339 18.69300 -0.01690
Prev. Close Volume Bid Ask Time
18.70990 18.67800 18.70800 2018-01-23 01:10:00
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.