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Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Mexican Peso/Japanese Yen (FOREX:MXNJPY)
Weak Downtrend (-65) - MXNJPY is showing signs of a strengthening downtrend. Monitor MXNJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MXNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNJPY
The long-term trend has been DOWN since Jun 10th, 2024 at 8.485650
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 7.470100
The short-term trend has been UP since Dec 4th, 2024 at 7.381068
Smart Scan Analysis for MXNJPY
Based on our trend formula, MXNJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.562964 | 7.593655 | 7.561350 | 7.573300 | +0.010336 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.562964 | 2024-12-12 06:50:18 |