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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Japanese Yen/Mexican Peso (FOREX:JPYMXN)

Long-Term Downtrend (-90) - JPYMXN is in a strong downtrend that is likely to continue. While JPYMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ?

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

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FOREX_JPYMXN
Open High Low JPYMXN Price Change
0.16873743 0.16916688 0.16862472 0.16889164 +0.00015400
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term down The long-term trend has been DOWN since Nov 7th, 2019 at 0.17461260

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2020 at 0.16987618

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 0.17189139

Smart Scan Analysis for JPYMXN

Based on our trend formula, JPYMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16873743 0.16916688 0.16862472 0.16889164 +0.00015400
Prev. Close Volume Bid Ask Time
0.16873743 0.16875512 0.16902816 2020-02-17 16:28:21
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