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.
MarketClub’s Trade Triangles for JPYMXN
The long-term trend has been DOWN since Mar 16th, 2021 at 0.18841789
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.18957533
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).