Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 DOWN since Jul 12th, 2018 at 0.167575
The intermediate term trend has been DOWN since Jun 25th, 2018 at 0.181305
The short term trend has been DOWN since Jun 17th, 2018 at 0.186355
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).