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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.

FOREX_MXVMXN
Open High Low MXVMXN Price Change
6.452854 6.452854 6.452854 6.452854 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXVMXN

long term up The long term trend has been UP since Aug 9th, 2019 at 6.279096

intermediate term up The intermediate term trend has been UP since Sep 24th, 2019 at 6.286663

short term up 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).

+80
Smart Scan Analysis for MXVMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.452854 6.452854 6.452854 6.452854 0.000000
Prev. Close Volume Bid Ask Time
6.452854 6.452854 6.452854 2020-02-13 23:16:08
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