Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_MXNPEN
Open High Low MXNPEN Price Change
0.173085 0.173100 0.172470 0.172655 -0.000430
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long term trend has been DOWN since Jun 6th, 2019 at 0.16887

intermediate term up The intermediate term trend has been UP since Sep 17th, 2019 at 0.17248

short term up The short term trend has been UP since Sep 18th, 2019 at 0.17254

Smart Scan Analysis for MXNPEN

Based on a pre-defined weighted trend formula for chart analysis, MXNPEN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.173085 0.173100 0.172470 0.172655 -0.000430
Prev. Close Volume Bid Ask Time
0.173085 0.172500 0.172810 2019-09-20 13:43:37
Want to analyze Mexican Peso/Peruvian Nuevo Sol MXNPEN or another symbol? Try our Free Forex Trend Analysis Report.