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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_MXNAED
Open High Low MXNAED Price Change
0.190174 0.190195 0.189903 0.189914 -0.000260
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term down The long term trend has been DOWN since May 31st, 2019 at 0.187285

intermediate term up The intermediate term trend has been UP since Oct 11th, 2019 at 0.190050

short term up The short term trend has been UP since Oct 10th, 2019 at 0.188205

Smart Scan Analysis for MXNAED

Based on a pre-defined weighted trend formula for chart analysis, MXNAED scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.190174 0.190195 0.189903 0.189914 -0.000260
Prev. Close Volume Bid Ask Time
0.190174 0.189890 0.189938 2019-10-14 08:49:41
Want to analyze Mexican Peso/United Arab Emirates Dirham MXNAED or another symbol? Try our Free Forex Trend Analysis Report.