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.
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 7th, 2019 at 0.17461260
The intermediate-term trend has been DOWN since Jan 17th, 2020 at 0.16987618
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).