Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
US Dollar/Mexican Peso (FOREX:USDMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Mar 3rd, 2017 at 19.62330
The intermediate term trend has been DOWN since Aug 21st, 2017 at 17.63591
The short term trend has been UP since Sep 19th, 2017 at 17.78060
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).