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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.

FOREX_USDMXN
Open High Low USDMXN Price Change
19.145850 19.182765 19.133920 19.161090 +0.015240
Entry Signal

MarketClub’s Trade Triangles for USDMXN

long term up The long term trend has been UP since Oct 31st, 2018 at 20.19154

intermediate term up The intermediate term trend has been UP since Feb 11th, 2019 at 19.24080

short term down 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).

+65
Smart Scan Analysis for USDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.145850 19.182765 19.133920 19.161090 +0.015240
Prev. Close Volume Bid Ask Time
19.145850 19.157340 19.164840 2019-02-20 04:15:56
Want to analyze US Dollar/Mexican Peso USDMXN or another symbol? Try our Free Forex Trend Analysis Report.