Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 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.
MarketClub’s Trade Triangles for MXNUSD
The long term trend has been UP since Mar 20th, 2019 at 0.052964
The intermediate term trend has been DOWN since May 9th, 2019 at 0.052099
The short term trend has been UP since May 16th, 2019 at 0.052594
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).