Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Countertrend Up (+85) - AUDJPY 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 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 UP since Oct 14th, 2021 at 84.1915
The intermediate-term trend has been UP since Oct 7th, 2021 at 81.3090
The short-term trend has been DOWN since Oct 22nd, 2021 at 84.8900
Smart Scan Analysis for AUDJPY
Based on our trend formula, AUDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).