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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Crossroads (-60) - MXNJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
5.1077500 5.1104483 5.1047801 5.1087000 +0.0009500
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Nov 5th, 2020 at 5.0344500

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 5.0840604

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 5.0557974

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1077500 5.1104483 5.1047801 5.1087000 +0.0009500
Prev. Close Volume Bid Ask Time
5.1077500 2021-02-28 16:49:17
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