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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Countertrend Down (-85) - MXNJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
4.7315313 4.7315313 4.7315313 4.7315313 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 5.53550

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2020 at 4.64825

short term up The short-term trend has been UP since Aug 7th, 2020 at 4.73060

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7315313 4.7315313 4.7315313 4.7315313 0.0000000
Prev. Close Volume Bid Ask Time
4.7315313 4.7283611 4.7347014 2020-08-08 13:07:57
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