Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Crossroads (-60) - MXNJPY is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for MXNJPY
The long-term trend has been UP since Dec 1st, 2023 at 8.763213
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 8.431000
The short-term trend has been DOWN since Dec 4th, 2023 at 8.431000
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).