Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for MXNAED
The long term trend has been UP since Mar 20th, 2019 at 0.19455
The intermediate term trend has been UP since Mar 19th, 2019 at 0.19305
The short term trend has been UP since Apr 19th, 2019 at 0.19586
Smart Scan Analysis for MXNAED
Based on a pre-defined weighted trend formula for chart analysis, MXNAED scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).