Analyze Symbol
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.
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MarketClub’s Trade Triangles for USDMXN
The long term trend has been DOWN since Dec 12th, 2019 at 19.018580
The intermediate term trend has been DOWN since Dec 12th, 2019 at 19.175705
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).
| 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 |