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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2019.

US Dollar/Mexican Peso (FOREX:USDMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
19.2947 19.2947 19.2947 19.2947 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since May 31st, 2019 at 19.622270

intermediate term up The intermediate term trend has been UP since Nov 12th, 2019 at 19.259000

short term down The short term trend has been DOWN since Dec 4th, 2019 at 19.513725

Smart Scan Analysis for USDMXN

Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.2947 19.2947 19.2947 19.2947 0.0000
Prev. Close Volume Bid Ask Time
19.2947 19.2867 19.3027 2019-12-08 04:23:03
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.