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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.

FOREX_MXNAED
Open High Low MXNAED Price Change
0.19647029 0.19649448 0.19546237 0.19558321 -0.00088700
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term up The long term trend has been UP since Dec 12th, 2019 at 0.19312818

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 0.19154607

short term down 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).

+75
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19647029 0.19649448 0.19546237 0.19558321 -0.00088700
Prev. Close Volume Bid Ask Time
0.19647029 0.19555749 0.19560892 2020-01-21 21:07:31
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