Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Mexican Peso/Japanese Yen (FOREX:MXNJPY)

Long-Term Downtrend (-90) - MXNJPY is in a strong downtrend that is likely to continue. While MXNJPY 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 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
4.67875 4.70200 4.67135 4.69830 +0.01955
Entry Signal

MarketClub’s Trade Triangles for MXNJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 5.53550

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2020 at 4.64825

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 4.73670

Smart Scan Analysis for MXNJPY

Based on our trend formula, MXNJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.67875 4.70200 4.67135 4.69830 +0.01955
Prev. Close Volume Bid Ask Time
4.67875 4.69760 4.69900 2020-08-05 10:10:39
Get a free daily analysis and signals for Mexican Peso/Japanese Yen (MXNJPY) - Request Your Free Report.