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Forex Trend Analysis Report

Prepared for you on Tuesday, October 22, 2019.

Mexican Peso/Chilean Peso (FOREX:MXNCLP)

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.

FOREX_MXNCLP
Open High Low MXNCLP Price Change
37.047127 37.047127 37.047127 37.047127 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNCLP

long term up The long term trend has been UP since Jan 2nd, 2019 at 35.778

intermediate term up The intermediate term trend has been UP since Sep 5th, 2019 at 36.168

short term up The short term trend has been UP since Sep 24th, 2019 at 36.989

Smart Scan Analysis for MXNCLP

Based on a pre-defined weighted trend formula for chart analysis, MXNCLP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for MXNCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.047127 37.047127 37.047127 37.047127 0.000000
Prev. Close Volume Bid Ask Time
37.141151 36.393434 37.700819 2019-10-13 05:23:03
Want to analyze Mexican Peso/Chilean Peso MXNCLP or another symbol? Try our Free Forex Trend Analysis Report.