Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since May 31st, 2019 at 5.34240
The intermediate term trend has been UP since May 9th, 2019 at 5.22535
The short term trend has been DOWN since Jun 18th, 2019 at 5.20480
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).