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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

US Dollar/Mexican Peso (FOREX:USDMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_USDMXN
Open High Low USDMXN Price Change
18.659900 18.693545 18.640705 18.663200 +0.003300
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term down The long term trend has been DOWN since Dec 12th, 2019 at 19.018580

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 19.175705

short term down The short term trend has been DOWN since Jan 16th, 2020 at 18.780160

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.659900 18.693545 18.640705 18.663200 +0.003300
Prev. Close Volume Bid Ask Time
18.659900 18.662900 18.663500 2020-01-20 13:08:18
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