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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Japanese Yen/Special drawing rights (FOREX:JPYXDR)
Countertrend Down (-85) - JPYXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid JPYXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for JPYXDR
The long-term trend has been DOWN since Mar 1st, 2024 at 0.00500381
The intermediate-term trend has been DOWN since Mar 20th, 2024 at 0.00500352
The short-term trend has been UP since May 2nd, 2024 at 0.00484532
Smart Scan Analysis for JPYXDR
Based on our trend formula, JPYXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00486481 | 0.00486481 | 0.00486481 | 0.00486481 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00486481 | 2024-05-08 21:02:50 |