Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Mexican Peso/Australian Dollar (FOREX:MXNAUD)
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 MXNAUD
The long term trend has been UP since Jul 31st, 2019 at 0.076690
The intermediate term trend has been DOWN since Oct 31st, 2019 at 0.075575
The short term trend has been UP since Nov 15th, 2019 at 0.076537
Smart Scan Analysis for MXNAUD
Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).