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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

Mexican Peso/Icelandic Krona (FOREX:MXNISK)

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_MXNISK
Open High Low MXNISK Price Change
6.17465 6.19655 6.14170 6.15890 -0.01575
Entry Signal

MarketClub’s Trade Triangles for MXNISK

long term up The long term trend has been UP since Jul 6th, 2018 at 5.56735

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 6.22955

short term down The short term trend has been DOWN since Feb 12th, 2019 at 6.28060

Smart Scan Analysis for MXNISK

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

-70
Smart Scan Analysis for MXNISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.17465 6.19655 6.14170 6.15890 -0.01575
Prev. Close Volume Bid Ask Time
6.17465 6.13860 6.17920 2019-02-15 13:21:21
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