Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Weak Downtrend (-65) - MXNJPY is showing signs of a strengthening downtrend. Monitor MXNJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MXNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNJPY
The long-term trend has been UP since Mar 1st, 2023 at 7.46985
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 7.26910
The short-term trend has been DOWN since Mar 9th, 2023 at 7.52540
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).