Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Bear Market Rally (-75) - AUDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AUDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDJPY
The long-term trend has been DOWN since Dec 3rd, 2023 at 93.3545
The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 96.1780
The short-term trend has been DOWN since Nov 28th, 2023 at 97.8100
Smart Scan Analysis for AUDJPY
Based on our trend formula, AUDJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).