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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Japanese Yen/Mexican Peso (FOREX:JPYMXN)

Long-Term Downtrend (-90) - JPYMXN is in a strong downtrend that is likely to continue. While JPYMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JPYMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYMXN
Open High Low JPYMXN Price Change
0.18416387 0.18430503 0.18299916 0.18364516 -0.00051900
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term down The long-term trend has been DOWN since Mar 16th, 2021 at 0.18841789

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.18957533

short term down The short-term trend has been DOWN since Apr 15th, 2021 at 0.18350009

Smart Scan Analysis for JPYMXN

Based on our trend formula, JPYMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18416387 0.18430503 0.18299916 0.18364516 -0.00051900
Prev. Close Volume Bid Ask Time
0.18416387 2021-05-07 14:32:35
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