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Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

Open High Low MXNPEN Price Change
0.17316 0.17318 0.17289 0.17307 -0.00009
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long term trend has been DOWN since Nov 13th, 2018 at 0.164935

intermediate term down The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.172915

short term up The short term trend has been UP since Feb 15th, 2019 at 0.173335

Smart Scan Analysis for MXNPEN

Based on a pre-defined weighted trend formula for chart analysis, MXNPEN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17316 0.17318 0.17289 0.17307 -0.00009
Prev. Close Volume Bid Ask Time
0.17316 0.17302 0.17312 2019-02-18 07:12:08
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