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.
MarketClub’s Trade Triangles for USDMXN
The long term trend has been UP since May 31st, 2019 at 19.622270
The intermediate term trend has been UP since Nov 12th, 2019 at 19.259000
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).