Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
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.
MarketClub’s Trade Triangles for MXNAED
The long term trend has been UP since Dec 12th, 2019 at 0.19312818
The intermediate term trend has been UP since Dec 12th, 2019 at 0.19154607
The short term trend has been DOWN since Jan 21st, 2020 at 0.19561076
Smart Scan Analysis for MXNAED
Based on a pre-defined weighted trend formula for chart analysis, MXNAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).