Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since May 30th, 2019 at 0.078685
The short term trend has been UP since Aug 13th, 2019 at 0.079895
Smart Scan Analysis for MXNNZD
Based on a pre-defined weighted trend formula for chart analysis, MXNNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).