Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Crossroads (+60) - JPYMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 1st, 2023 at 0.11411348
The intermediate-term trend has been UP since Dec 4th, 2023 at 0.11860905
The short-term trend has been UP since Dec 4th, 2023 at 0.11860905
Smart Scan Analysis for JPYMXN
Based on our trend formula, JPYMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).