Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 JPYMXN
The long term trend has been UP since Oct 9th, 2017 at 0.165625
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.173555
The short term trend has been UP since Apr 18th, 2018 at 0.168725
Smart Scan Analysis for JPYMXN
Based on a pre-defined weighted trend formula for chart analysis, JPYMXN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).