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.
MarketClub’s Trade Triangles for MXNJPY
The long term trend has been UP since Jul 12th, 2018 at 5.97090
The intermediate term trend has been DOWN since Aug 12th, 2018 at 5.80440
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).