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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

Japanese Yen/Mexican Peso (FOREX:JPYMXN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_JPYMXN
Open High Low JPYMXN Price Change
0.168175 0.168795 0.167760 0.168365 +0.000190
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term up The long term trend has been UP since Oct 9th, 2017 at 0.165625

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2018 at 0.169480

short term down The short term trend has been DOWN since Jan 15th, 2018 at 0.170795

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).

-70
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.168175 0.168795 0.167760 0.168365 +0.000190
Prev. Close Volume Bid Ask Time
0.168175 0.168230 0.168500 2018-01-22 22:45:58
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