Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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.
MarketClub’s Trade Triangles for MXNJPY
The long term trend has been DOWN since Oct 9th, 2017 at 6.0325
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 5.7609
The short term trend has been UP since Jun 17th, 2018 at 5.3682
Smart Scan Analysis for MXNJPY
Based on a pre-defined weighted trend formula for chart analysis, MXNJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).