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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

US Dollar/Mexican Peso (FOREX:USDMXN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
20.27020 20.37771 20.16625 20.17845 -0.09175
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since Oct 31st, 2018 at 20.19154

intermediate term up The intermediate term trend has been UP since Oct 19th, 2018 at 19.19907

short term down The short term trend has been DOWN since Nov 16th, 2018 at 20.19730

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.27020 20.37771 20.16625 20.17845 -0.09175
Prev. Close Volume Bid Ask Time
20.27020 20.17470 20.18220 2018-11-16 12:57:34
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.