Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Sidelines Mode (+50) - MXNJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MXNJPY can gain momentum.
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.
|
|||||||||||||||
|
|||||||||||||||
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 UP since Oct 2nd, 2024 at 7.472732
The short-term trend has been UP since Oct 23rd, 2024 at 7.626000
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.654550 | 7.681831 | 7.601150 | 7.620296 | -0.034254 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.654550 | 2024-10-25 17:06:23 |