Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
/Mexican Peso (FOREX:MXVMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MXVMXN
The long term trend has been UP since Aug 9th, 2019 at 6.279096
The intermediate term trend has been UP since Sep 24th, 2019 at 6.286663
The short term trend has been UP since Sep 20th, 2019 at 6.285774
Smart Scan Analysis for MXVMXN
Based on a pre-defined weighted trend formula for chart analysis, MXVMXN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).