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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_MXNJPY
Open High Low MXNJPY Price Change
5.7983 5.8061 5.7861 5.7970 -0.0013
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long term trend has been UP since Jul 12th, 2018 at 5.9709

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 5.9038

short term down The short term trend has been DOWN since Oct 18th, 2018 at 5.9225

Smart Scan Analysis for MXNJPY

Based on a pre-defined weighted trend formula for chart analysis, MXNJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7983 5.8061 5.7861 5.7970 -0.0013
Prev. Close Volume Bid Ask Time
5.7983 5.7957 5.7983 2018-10-23 08:32:54
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.