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Forex Trend Analysis Report

Prepared for you on Wednesday, September 20, 2017.

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.

FOREX_JPYMXN
Open High Low JPYMXN Price Change
0.159705 0.159945 0.158545 0.158545 -0.001160
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term down The long term trend has been DOWN since Dec 15th, 2016 at 0.172840

intermediate term down The intermediate term trend has been DOWN since Sep 14th, 2017 at 0.160385

short term up The short term trend has been UP since Sep 20th, 2017 at 0.159815

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).

-85
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.159705 0.159945 0.158545 0.158545 -0.001160
Prev. Close Volume Bid Ask Time
0.159705 0.158530 0.158560 2017-09-20 14:12:23
Want to analyze Japanese Yen/Mexican Peso JPYMXN or another symbol? Try our Free Forex Trend Analysis Report.