Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Sidelines Mode (-55) - JPYMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 1st, 2023 at 0.13387187
The intermediate-term trend has been UP since Mar 12th, 2023 at 0.13756694
The short-term trend has been DOWN since Mar 27th, 2023 at 0.14050487
Smart Scan Analysis for JPYMXN
Based on our trend formula, JPYMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).