Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
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 1st, 2023 at 0.13387187
The intermediate-term trend has been DOWN since Apr 2nd, 2023 at 0.13522459
The short-term trend has been DOWN since May 24th, 2023 at 0.12842830
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).