Analyze Symbol

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.

FOREX_EURMXN
Open High Low EURMXN Price Change
21.27595 21.32750 21.21295 21.21705 -0.05890
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 up The intermediate term trend has been UP since May 9th, 2019 at 21.465800

short term down 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).

-75
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.27595 21.32750 21.21295 21.21705 -0.05890
Prev. Close Volume Bid Ask Time
21.27595 21.21220 21.22190 2019-05-21 15:41:57
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