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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
5.78085 5.81975 5.75720 5.81795 +0.03710
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long term trend has been UP since Feb 25th, 2019 at 5.81405

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2019 at 5.81815

short term up The short term trend has been UP since May 15th, 2019 at 5.75720

Smart Scan Analysis for MXNJPY

Based on a pre-defined weighted trend formula for chart analysis, MXNJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.78085 5.81975 5.75720 5.81795 +0.03710
Prev. Close Volume Bid Ask Time
5.78085 5.81660 5.81930 2019-05-21 15:35:45
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.