Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Strong Downtrend (-100) - MXNJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Feb 28th, 2020 at 5.5355
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 5.7333
The short-term trend has been DOWN since Mar 30th, 2020 at 4.5186
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).