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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
18.538665 18.643400 18.524845 18.641330 +0.102665
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long term trend has been DOWN since Feb 1st, 2018 at 18.33600

intermediate term up The intermediate term trend has been UP since Apr 20th, 2018 at 18.54590

short term up 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).

+70
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.538665 18.643400 18.524845 18.641330 +0.102665
Prev. Close Volume Bid Ask Time
18.538665 18.637580 18.645080 2018-04-23 05:23:21
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.