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.
MarketClub’s Trade Triangles for MXNJPY
The long term trend has been UP since Feb 25th, 2019 at 5.81405
The intermediate term trend has been DOWN since May 2nd, 2019 at 5.81815
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).