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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Long-Term Downtrend (-90) - MXNJPY is in a strong downtrend that is likely to continue. While MXNJPY 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 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.
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MarketClub’s Trade Triangles for MXNJPY
The long-term trend has been DOWN since Jun 10th, 2024 at 8.485650
The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 8.691795
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.351350 | 8.451038 | 8.288778 | 8.329113 | -0.022237 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.351350 | 2024-07-26 17:00:42 |