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.
MarketClub’s Trade Triangles for MXNJPY
The long-term trend has been UP since Mar 16th, 2021 at 5.3073517
The intermediate-term trend has been UP since Mar 15th, 2021 at 5.2750000
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).