Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
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 MXNNZD
The long term trend has been UP since Apr 10th, 2019 at 0.078545
The intermediate term trend has been UP since Mar 19th, 2019 at 0.076785
The short term trend has been DOWN since May 24th, 2019 at 0.080275
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).