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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/Japanese Yen (FOREX:XDRJPY)
Countertrend Up (+85) - XDRJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XDRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRJPY.
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 XDRJPY
The long-term trend has been UP since Mar 1st, 2024 at 199.84774
The intermediate-term trend has been UP since Mar 20th, 2024 at 199.85939
The short-term trend has been DOWN since May 2nd, 2024 at 206.38491
Smart Scan Analysis for XDRJPY
Based on our trend formula, XDRJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 205.55808 | 205.55808 | 205.55808 | 205.55808 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 205.55808 | 2024-05-08 21:02:50 |