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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.

FOREX_AUDJPY
Open High Low AUDJPY Price Change
97.690 97.780 97.552 97.566 -0.124
Entry Signal

MarketClub’s Trade Triangles for AUDJPY

long term down The long-term trend has been DOWN since Dec 3rd, 2023 at 93.3545

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 96.1780

short term down 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).

-80
Smart Scan Analysis for AUDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.690 97.780 97.552 97.566 -0.124
Prev. Close Volume Bid Ask Time
97.690 2023-12-04 02:13:31
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