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Forex Trend Analysis Report

Prepared for you on Tuesday, January 23, 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
5.91470 5.92770 5.91460 5.92575 +0.01105
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long term trend has been DOWN since Oct 9th, 2017 at 6.03250

intermediate term up The intermediate term trend has been UP since Jan 16th, 2018 at 5.90448

short term down The short term trend has been DOWN since Jan 23rd, 2018 at 5.92000

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
5.91470 5.92770 5.91460 5.92575 +0.01105
Prev. Close Volume Bid Ask Time
5.91470 5.92440 5.92710 2018-01-23 01:14:30
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.