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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Countertrend Down (-85) - JPYZAR 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 JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
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 JPYZAR
The long-term trend has been DOWN since Mar 19th, 2024 at 0.12510031
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.12539885
The short-term trend has been UP since May 1st, 2024 at 0.12140055
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12122635 | 0.12146486 | 0.12069525 | 0.12069525 | -0.00053100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12122635 | 2024-05-03 17:00:04 |