Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 MXNJPY
The long term trend has been DOWN since Oct 9th, 2017 at 6.03250
The intermediate term trend has been UP since Mar 28th, 2018 at 5.78205
The short term trend has been DOWN since Apr 18th, 2018 at 5.92420
Smart Scan Analysis for MXNJPY
Based on a pre-defined weighted trend formula for chart analysis, MXNJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).