Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
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 JPYMXN
The long term trend has been UP since Oct 9th, 2017 at 0.165625
The intermediate term trend has been DOWN since Jan 17th, 2018 at 0.169480
The short term trend has been DOWN since Jan 15th, 2018 at 0.170795
Smart Scan Analysis for JPYMXN
Based on a pre-defined weighted trend formula for chart analysis, JPYMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).