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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
US Dollar/Japanese Yen (FOREX:USDJPY)
Sidelines Mode (+55) - USDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.
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 USDJPY
The long-term trend has been UP since Mar 19th, 2024 at 150.8840
The intermediate-term trend has been UP since Mar 19th, 2024 at 150.8440
The short-term trend has been DOWN since Apr 29th, 2024 at 154.9855
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 155.9645 | 156.0620 | 153.0820 | 153.2580 | -2.7065 |
| Prev. Close | Volume | Bid | Ask | Time |
| 155.9645 | 2024-05-02 16:08:20 |