Free Japanese yen With Mexican peso (JPYMXN(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Neutral Hold Hold
Last Update / Period
28 Mar / Daily
Category/Currency
Forex/MXN
Exchange/Country
FX/--

Japanese yen With Mexican peso (JPYMXN(Forex)) signal with technical analysis on 28 Mar

On 28 Mar, we conducted a comprehensive technical analysis of Japanese yen With Mexican peso (JPYMXN(Forex)), considering 256 signals with intricate details. Here are the key findings: 38 signals suggested buy strategies, while 95 indicated sell strategies. The remaining 123 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 15
Sell Signals: 18
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 13
Sell Signals: 20
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 7
Sell Signals: 28
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 3
Sell Signals: 29
Neutral Signals: 32
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 38
Sell Signals: 95
Neutral Signals: 123
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Japanese yen With Mexican peso (JPYMXN(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Japanese yen With Mexican peso (JPYMXN(Forex)) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Japanese yen With Mexican peso (JPYMXN(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Japanese yen With Mexican peso (JPYMXN(Forex)) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 10.45% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Japanese yen With Mexican peso (JPYMXN(Forex))** holdings.

Japanese yen With Mexican peso (JPYMXN(Forex)) Price Analysis and Support Levels:

In our current Japanese yen With Mexican peso (JPYMXN(Forex)) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.127 We are closely monitoring the price at the first support level of 0.127, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.122 If the first support level at 0.127 is broken, the second support level at 0.122 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 0.114 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 0.114 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Japanese yen With Mexican peso (JPYMXN(Forex)). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Japanese yen With Mexican peso (JPYMXN(Forex)) technical analysis chart

Japanese yen With Mexican peso (JPYMXN(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.137 0.137 0.141 0.142 0.143
Support 0.127 0.122 0.114 0.11 0.106
 Japanese yen With Mexican peso (JPYMXN(Forex)) Support and Resistance area (28 Mar)  Japanese yen With Mexican peso (JPYMXN(Forex)) Support and Resistance area (28 Mar)

Japanese yen With Mexican peso (JPYMXN(Forex)) signals list for 28 Mar

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Japanese yen With Mexican peso (JPYMXN(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 27 Mar Hold NeutralNeutralHoldHold
2 26 Mar Hold NeutralNeutralHoldHold
3 25 Mar Hold HoldHoldHoldHold
4 24 Mar Sell SellSellHoldHold
5 23 Mar Hold HoldNeutralHoldHold
6 21 Mar Hold HoldNeutralHoldHold
7 20 Mar Buy BuyHoldHoldHold
8 19 Mar Hold NeutralHoldHoldHold
9 18 Mar Hold HoldHoldHoldHold
10 17 Mar Hold HoldHoldHoldHold
11 16 Mar Hold HoldHoldHoldHold
12 14 Mar Sell HoldHoldHoldSell
13 13 Mar Sell HoldHoldSellNeutral
14 12 Mar Sell SellSellNeutralNeutral
15 11 Mar Neutral NeutralNeutralHoldNeutral
16 10 Mar Buy BuyNeutralHoldHold
17 09 Mar Buy NeutralBuyBuyHold
18 07 Mar Buy NeutralNeutralNeutralBuy

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