Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Australian Dollar/Mexican Peso (FOREX:AUDMXN)
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 AUDMXN
The long term trend has been UP since Nov 1st, 2018 at 14.47595
The intermediate term trend has been UP since Jan 30th, 2019 at 13.88245
The short term trend has been DOWN since Feb 21st, 2019 at 13.65325
Smart Scan Analysis for AUDMXN
Based on a pre-defined weighted trend formula for chart analysis, AUDMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).