Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
US Dollar/Mexican Peso (FOREX:USDMXN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 USDMXN
The long term trend has been UP since Oct 31st, 2018 at 20.19154
The intermediate term trend has been UP since Feb 11th, 2019 at 19.24080
The short term trend has been DOWN since Feb 18th, 2019 at 19.21644
Smart Scan Analysis for USDMXN
Based on a pre-defined weighted trend formula for chart analysis, USDMXN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).