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.
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 Aug 19th, 2019 at 0.074750
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).