Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)
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.
MarketClub’s Trade Triangles for MXNPEN
The long term trend has been DOWN since Jun 6th, 2019 at 0.168870
The intermediate term trend has been DOWN since May 31st, 2019 at 0.171715
The short term trend has been UP since Jun 16th, 2019 at 0.174495
Smart Scan Analysis for MXNPEN
Based on a pre-defined weighted trend formula for chart analysis, MXNPEN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).