Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
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 MXNAED
The long term trend has been UP since Mar 20th, 2019 at 0.194550
The intermediate term trend has been DOWN since May 9th, 2019 at 0.191375
The short term trend has been UP since May 16th, 2019 at 0.193190
Smart Scan Analysis for MXNAED
Based on a pre-defined weighted trend formula for chart analysis, MXNAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).