Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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
6.959816 7.125677 6.949466 7.107350 +0.147534
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 7.46985

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 7.26910

short term down The short-term trend has been DOWN since Mar 9th, 2023 at 7.52540

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
6.959816 7.125677 6.949466 7.107350 +0.147534
Prev. Close Volume Bid Ask Time
6.959816 2023-03-21 19:10:46
Get a free daily analysis and signals for Mexican Peso/Japanese Yen (MXNJPY) - Request Your Free Report.