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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Long-Term Uptrend (+90) - MXNJPY is in a strong uptrend that is likely to continue. While MXNJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.5441498 5.6242512 5.5436869 5.6112493 +0.0671000
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Oct 15th, 2021 at 5.6239403

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 5.5342174

short term up The short-term trend has been UP since Oct 10th, 2021 at 5.4220000

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.5441498 5.6242512 5.5436869 5.6112493 +0.0671000
Prev. Close Volume Bid Ask Time
5.5441498 2021-10-15 18:22:08
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