Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Weak Downtrend (-65) - JPYMXN is showing signs of a strengthening downtrend. Monitor JPYMXN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid JPYMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYMXN
The long-term trend has been UP since Feb 28th, 2020 at 0.18059535
The intermediate-term trend has been DOWN since May 11th, 2020 at 0.22016740
The short-term trend has been DOWN since May 18th, 2020 at 0.22144039
Smart Scan Analysis for JPYMXN
Based on our trend formula, JPYMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).