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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Australian Dollar/Mexican Peso (FOREX:AUDMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_AUDMXN
Open High Low AUDMXN Price Change
12.76495 12.76615 12.64215 12.65235 -0.11260
Entry Signal

MarketClub’s Trade Triangles for AUDMXN

long term down The long term trend has been DOWN since Jul 31st, 2019 at 13.03995

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2020 at 12.94470

short term down The short term trend has been DOWN since Jan 27th, 2020 at 12.81405

Smart Scan Analysis for AUDMXN

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

-100
Smart Scan Analysis for AUDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.76495 12.76615 12.64215 12.65235 -0.11260
Prev. Close Volume Bid Ask Time
12.76495 12.65000 12.65470 2020-01-28 18:06:14
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