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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
5.56040 5.56585 5.55210 5.55890 -0.00150
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long term trend has been DOWN since May 30th, 2019 at 5.66090

intermediate term up The intermediate term trend has been UP since Sep 8th, 2019 at 5.47530

short term up The short term trend has been UP since Sep 4th, 2019 at 5.31895

Smart Scan Analysis for MXNJPY

Based on a pre-defined weighted trend formula for chart analysis, MXNJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.56040 5.56585 5.55210 5.55890 -0.00150
Prev. Close Volume Bid Ask Time
5.56040 5.55750 5.56030 2019-09-17 05:04:01
Want to analyze Mexican Peso/Japanese Yen MXNJPY or another symbol? Try our Free Forex Trend Analysis Report.