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.
MarketClub’s Trade Triangles for MXNUSD
The long term trend has been DOWN since May 31st, 2019 at 0.0509630
The intermediate term trend has been DOWN since Nov 12th, 2019 at 0.0519485
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).