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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

US Dollar/Mexican Peso (FOREX:USDMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
18.8888 19.0334 18.8100 18.8380 -0.0508
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since May 2nd, 2018 at 19.142800

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2018 at 19.865820

short term up The short term trend has been UP since Jul 18th, 2018 at 18.953745

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.8888 19.0334 18.8100 18.8380 -0.0508
Prev. Close Volume Bid Ask Time
18.8888 18.8230 18.8530 2018-07-18 14:07:26
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.