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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2024.

Euro/Japanese Yen (FOREX:EURJPY)

Weak Downtrend (-65) - EURJPY is showing signs of a strengthening downtrend. Monitor EURJPY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid EURJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURJPY
Open High Low EURJPY Price Change
161.7710 162.4800 161.7090 161.8965 +0.1255
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term up The long-term trend has been UP since Nov 5th, 2024 at 166.684

intermediate term down The intermediate-term trend has been DOWN since Nov 13th, 2024 at 161.505

short term down The short-term trend has been DOWN since Nov 21st, 2024 at 161.530

Smart Scan Analysis for EURJPY

Based on our trend formula, EURJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
161.7710 162.4800 161.7090 161.8965 +0.1255
Prev. Close Volume Bid Ask Time
161.7710 2024-11-22 03:39:34
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