Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 DOWN since Jul 9th, 2019 at 0.051904
The short term trend has been DOWN since Jul 17th, 2019 at 0.052311
Smart Scan Analysis for MXNUSD
Based on a pre-defined weighted trend formula for chart analysis, MXNUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).