Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Jul 12th, 2018 at 0.167575
The intermediate term trend has been DOWN since Sep 18th, 2018 at 0.167650
The short term trend has been UP since Sep 24th, 2018 at 0.167910
Smart Scan Analysis for JPYMXN
Based on a pre-defined weighted trend formula for chart analysis, JPYMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).