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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Euro/Mexican Peso (FOREX:EURMXN)

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_EURMXN
Open High Low EURMXN Price Change
20.6022 20.6527 20.5975 20.6202 +0.0180
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long term trend has been DOWN since Nov 8th, 2019 at 21.078450

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 21.195500

short term down The short term trend has been DOWN since Jan 28th, 2020 at 20.684875

Smart Scan Analysis for EURMXN

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

-100
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.6022 20.6527 20.5975 20.6202 +0.0180
Prev. Close Volume Bid Ask Time
20.6022 20.6165 20.6239 2020-01-29 05:56:27
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