Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Japanese Yen/Mexican Peso (FOREX:JPYMXN)
Strong Uptrend (+100) - JPYMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, JPYMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Feb 28th, 2020 at 0.18059535
The intermediate-term trend has been UP since Jun 26th, 2020 at 0.21506386
The short-term trend has been UP since Jul 30th, 2020 at 0.21109172
Smart Scan Analysis for JPYMXN
Based on our trend formula, JPYMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).