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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.

FOREX_MXNPEN
Open High Low MXNPEN Price Change
0.17464 0.17567 0.17429 0.17437 -0.00027
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long term trend has been DOWN since Jun 6th, 2019 at 0.168870

intermediate term down The intermediate term trend has been DOWN since May 31st, 2019 at 0.171715

short term up 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).

-65
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17464 0.17567 0.17429 0.17437 -0.00027
Prev. Close Volume Bid Ask Time
0.17464 0.17422 0.17452 2019-06-18 14:15:23
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