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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.05156850 0.05168950 0.05151244 0.05157300 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long term trend has been DOWN since May 31st, 2019 at 0.0509630

intermediate term down The intermediate term trend has been DOWN since Nov 12th, 2019 at 0.0519485

short term down The short term trend has been DOWN since Nov 12th, 2019 at 0.0520650

Smart Scan Analysis for MXNUSD

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

-100
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05156850 0.05168950 0.05151244 0.05157300 +0.00000400
Prev. Close Volume Bid Ask Time
0.05156850 0.05156200 0.05158400 2019-11-22 04:53:27
Want to analyze Mexican Peso/US Dollar MXNUSD or another symbol? Try our Free Forex Trend Analysis Report.