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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Sidelines Mode (-55) - MXNJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 8.48565
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 7.47010
The short-term trend has been UP since Nov 20th, 2024 at 7.70910
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.641500 | 7.650533 | 7.570469 | 7.608100 | -0.033400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.641500 | 2024-11-21 07:11:03 |