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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Bear Market Rally (-75) - MXNJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNJPY as it may be in the beginning of a reversal.

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
8.75035 8.79385 8.71990 8.73480 -0.01555
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long-term trend has been DOWN since Jun 10th, 2024 at 8.485650

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 8.932171

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 8.876191

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.75035 8.79385 8.71990 8.73480 -0.01555
Prev. Close Volume Bid Ask Time
8.75035 2024-07-19 04:06:43
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