Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 19th, 2018 at 0.180550
The intermediate term trend has been UP since Oct 10th, 2018 at 0.169395
The short term trend has been UP since Dec 14th, 2018 at 0.179965
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).