Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for MXNJPY
The long term trend has been DOWN since May 30th, 2019 at 5.66090
The intermediate term trend has been UP since Jul 5th, 2019 at 5.70035
The short term trend has been DOWN since Jul 16th, 2019 at 5.66640
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).