Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MXNBRL
The long term trend has been UP since Mar 15th, 2019 at 0.199475
The intermediate term trend has been UP since Jan 22nd, 2019 at 0.198475
The short term trend has been DOWN since May 24th, 2019 at 0.211390
Smart Scan Analysis for MXNBRL
Based on a pre-defined weighted trend formula for chart analysis, MXNBRL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).