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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Strong Uptrend (+100) - MXNJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid MXNJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
9.105835 9.124419 9.099749 9.122271 +0.016436
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Dec 1st, 2023 at 8.763213

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2024 at 8.879713

short term up The short-term trend has been UP since Mar 19th, 2024 at 8.937700

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.105835 9.124419 9.099749 9.122271 +0.016436
Prev. Close Volume Bid Ask Time
9.105835 2024-03-29 02:45:34
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