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.
MarketClub’s Trade Triangles for USDMXN
The long term trend has been UP since May 2nd, 2018 at 19.142800
The intermediate term trend has been DOWN since Jun 26th, 2018 at 19.865820
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).