Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 JPYMXN
The long term trend has been DOWN since Feb 25th, 2019 at 0.171995
The intermediate term trend has been DOWN since Mar 18th, 2019 at 0.171810
The short term trend has been UP since Mar 22nd, 2019 at 0.171535
Smart Scan Analysis for JPYMXN
Based on a pre-defined weighted trend formula for chart analysis, JPYMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).