Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for AEDMXN
The long term trend has been DOWN since Mar 20th, 2019 at 5.14020
The intermediate term trend has been UP since May 9th, 2019 at 5.22535
The short term trend has been DOWN since May 15th, 2019 at 5.19950
Smart Scan Analysis for AEDMXN
Based on a pre-defined weighted trend formula for chart analysis, AEDMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).