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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Mexican Peso/Australian Dollar (FOREX:MXNAUD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_MXNAUD
Open High Low MXNAUD Price Change
0.074655 0.074885 0.074415 0.074415 -0.000240
Entry Signal

MarketClub’s Trade Triangles for MXNAUD

long term up The long term trend has been UP since Jul 31st, 2019 at 0.076690

intermediate term down The intermediate term trend has been DOWN since Aug 19th, 2019 at 0.074750

short term down The short term trend has been DOWN since Aug 15th, 2019 at 0.074935

Smart Scan Analysis for MXNAUD

Based on a pre-defined weighted trend formula for chart analysis, MXNAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.074655 0.074885 0.074415 0.074415 -0.000240
Prev. Close Volume Bid Ask Time
0.074655 0.074400 0.074430 2019-08-23 12:38:47
Want to analyze Mexican Peso/Australian Dollar MXNAUD or another symbol? Try our Free Forex Trend Analysis Report.