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Forex Trend Analysis Report

Prepared for you on Saturday, March 23, 2019.

Euro/Mexican Peso (FOREX:EURMXN)

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.

FOREX_EURMXN
Open High Low EURMXN Price Change
21.5780 21.5780 21.5780 21.5780 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long term trend has been DOWN since Jan 25th, 2019 at 21.463685

intermediate term down The intermediate term trend has been DOWN since Mar 18th, 2019 at 21.614000

short term down The short term trend has been DOWN since Mar 11th, 2019 at 21.782300

Smart Scan Analysis for EURMXN

Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.5780 21.5780 21.5780 21.5780 0.0000
Prev. Close Volume Bid Ask Time
21.5780 21.5667 21.5893 2019-03-23 06:00:54
Want to analyze Euro/Mexican Peso EURMXN or another symbol? Try our Free Forex Trend Analysis Report.