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.
MarketClub’s Trade Triangles for JPYMXN
The long-term trend has been DOWN since Oct 15th, 2021 at 0.17782964
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.18069214
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).