Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
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 MXNAUD
The long term trend has been UP since Jul 31st, 2019 at 0.0766900
The intermediate term trend has been UP since Jan 8th, 2020 at 0.0772535
The short term trend has been UP since Jan 27th, 2020 at 0.0780385
Smart Scan Analysis for MXNAUD
Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).