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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 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.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
5.84115 5.86655 5.84050 5.85075 +0.00960
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long term trend has been UP since Jul 12th, 2018 at 5.97090

intermediate term down The intermediate term trend has been DOWN since Aug 12th, 2018 at 5.80440

short term up The short term trend has been UP since Aug 15th, 2018 at 5.89408

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).

-55
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.84115 5.86655 5.84050 5.85075 +0.00960
Prev. Close Volume Bid Ask Time
5.84115 5.84887 5.85263 2018-08-20 06:26:33
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.