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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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
5.76890 5.76935 5.73525 5.74755 -0.02135
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long term trend has been DOWN since Nov 19th, 2018 at 5.5168

intermediate term up The intermediate term trend has been UP since Jan 10th, 2019 at 5.6538

short term up The short term trend has been UP since Jan 4th, 2019 at 5.5931

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
5.76890 5.76935 5.73525 5.74755 -0.02135
Prev. Close Volume Bid Ask Time
5.76890 5.74620 5.74890 2019-01-17 06:38:37
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.