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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

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.

FOREX_MXNPEN
Open High Low MXNPEN Price Change
0.175385 0.176140 0.175205 0.176140 +0.000755
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 20th, 2019 at 0.175670

Smart Scan Analysis for MXNPEN

Based on a pre-defined weighted trend formula for chart analysis, MXNPEN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.175385 0.176140 0.175205 0.176140 +0.000755
Prev. Close Volume Bid Ask Time
0.175385 0.175970 0.176310 2019-06-20 09:24:02
Want to analyze Mexican Peso/Peruvian Nuevo Sol MXNPEN or another symbol? Try our Free Forex Trend Analysis Report.