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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Weak Downtrend (-65) - MXNJPY is showing signs of a strengthening downtrend. Monitor MXNJPY as it may be building momentum to the downside.

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
9.200050 9.215131 9.048000 9.098102 -0.101948
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Dec 1st, 2023 at 8.763213

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 9.092550

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 9.235350

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.200050 9.215131 9.048000 9.098102 -0.101948
Prev. Close Volume Bid Ask Time
9.200050 2024-04-16 12:29:32
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