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.
MarketClub’s Trade Triangles for USDMXN
The long term trend has been UP since Oct 31st, 2018 at 20.19154
The intermediate term trend has been UP since Oct 19th, 2018 at 19.19907
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).