Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Euro/Mexican Peso (FOREX:EURMXN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURMXN
The long term trend has been DOWN since Jan 25th, 2019 at 21.463685
The intermediate term trend has been UP since May 9th, 2019 at 21.465800
The short term trend has been DOWN since May 15th, 2019 at 21.429350
Smart Scan Analysis for EURMXN
Based on a pre-defined weighted trend formula for chart analysis, EURMXN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).