Forex Trend Analysis Report
Prepared for you on Monday, April 23, 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 DOWN since Feb 1st, 2018 at 18.33600
The intermediate term trend has been UP since Apr 20th, 2018 at 18.54590
The short term trend has been UP since Apr 18th, 2018 at 18.09308
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).