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Forex Trend Analysis Report

Prepared for you on Sunday, March 24, 2019.

Mexican Peso/Hungarian Forint (FOREX:MXNHUF)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_MXNHUF
Open High Low MXNHUF Price Change
14.6700 14.7590 14.6100 14.6745 +0.0045
Entry Signal

MarketClub’s Trade Triangles for MXNHUF

long term down The long term trend has been DOWN since Oct 31st, 2018 at 14.0775

intermediate term up The intermediate term trend has been UP since Mar 21st, 2019 at 14.6950

short term up The short term trend has been UP since Mar 18th, 2019 at 14.4650

Smart Scan Analysis for MXNHUF

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

+70
Smart Scan Analysis for MXNHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.6700 14.7590 14.6100 14.6745 +0.0045
Prev. Close Volume Bid Ask Time
14.6700 14.6600 14.6890 2019-03-22 18:25:57
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