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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Japanese Yen/Mexican Peso (FOREX:JPYMXN)

Strong Downtrend (-100) - JPYMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_JPYMXN
Open High Low JPYMXN Price Change
0.17820185 0.17933094 0.17820053 0.17906688 +0.00086500
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term down The long-term trend has been DOWN since Oct 15th, 2021 at 0.17782964

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.18069214

short term down The short-term trend has been DOWN since Oct 10th, 2021 at 0.18442865

Smart Scan Analysis for JPYMXN

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

-100
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17820185 0.17933094 0.17820053 0.17906688 +0.00086500
Prev. Close Volume Bid Ask Time
0.17820185 2021-10-18 06:32:34
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