Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 MXNNZD
The long term trend has been DOWN since Dec 2nd, 2019 at 0.0786450
The intermediate term trend has been UP since Jan 9th, 2020 at 0.0805545
The short term trend has been UP since Jan 2nd, 2020 at 0.0792810
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).