Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
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 Nov 5th, 2020 at 5.0344500
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 5.0840604
The short-term trend has been DOWN since Feb 26th, 2021 at 5.0557974
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).