Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Mexican Peso/US Dollar (FOREX:MXNUSD)
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.
MarketClub’s Trade Triangles for MXNUSD
The long term trend has been DOWN since May 31st, 2019 at 0.050963
The intermediate term trend has been UP since Sep 9th, 2019 at 0.051228
The short term trend has been UP since Sep 18th, 2019 at 0.051688
Smart Scan Analysis for MXNUSD
Based on a pre-defined weighted trend formula for chart analysis, MXNUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).