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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Mexican Peso/US Dollar (FOREX:MXNUSD)

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_MXNUSD
Open High Low MXNUSD Price Change
0.052234 0.052245 0.052224 0.052234 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long term trend has been DOWN since Oct 31st, 2018 at 0.049520

intermediate term down The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.051972

short term up The short term trend has been UP since Feb 18th, 2019 at 0.052039

Smart Scan Analysis for MXNUSD

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

-55
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.052234 0.052245 0.052224 0.052234 0.000000
Prev. Close Volume Bid Ask Time
0.052234 0.052221 0.052246 2019-02-20 00:53:45
Want to analyze Mexican Peso/US Dollar MXNUSD or another symbol? Try our Free Forex Trend Analysis Report.