Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Long-Term Uptrend (+90) - MXNJPY is in a strong uptrend that is likely to continue. While MXNJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 15th, 2021 at 5.6239403
The intermediate-term trend has been UP since Oct 14th, 2021 at 5.5342174
The short-term trend has been UP since Oct 10th, 2021 at 5.4220000
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).