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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Strong Uptrend (+100) - MXNJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNJPY 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 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.

FOREX_MXNJPY
Open High Low MXNJPY Price Change
5.4270748 5.4559500 5.4246595 5.4544594 +0.0273850
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term up The long-term trend has been UP since Mar 16th, 2021 at 5.3073517

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2021 at 5.2750000

short term up The short-term trend has been UP since Apr 15th, 2021 at 5.4500029

Smart Scan Analysis for MXNJPY

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

+100
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4270748 5.4559500 5.4246595 5.4544594 +0.0273850
Prev. Close Volume Bid Ask Time
5.4270748 2021-05-12 08:39:31
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