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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Japanese Yen/Mexican Peso (FOREX:JPYMXN)

Bull Market Weakness (+75) - JPYMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYMXN as it may be in the beginning stages of a reversal.

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
0.10999896 0.11103387 0.10971530 0.11073184 +0.00073300
Entry Signal

MarketClub’s Trade Triangles for JPYMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.11411348

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.10996586

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.10827721

Smart Scan Analysis for JPYMXN

Based on our trend formula, JPYMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for JPYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10999896 0.11103387 0.10971530 0.11073184 +0.00073300
Prev. Close Volume Bid Ask Time
0.10999896 2024-04-18 12:23:25
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