Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Bull Market Weakness (+75) - JPYMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYMXN as it may be in the beginning stages of a reversal.
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 Nov 5th, 2020 at 0.19863248
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.19669328
The short-term trend has been UP since Feb 26th, 2021 at 0.19769218
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).