Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
Euro/Japanese Yen (FOREX:EURJPY)
Bear Market Rally (-75) - EURJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURJPY.
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 EURJPY
The long-term trend has been DOWN since Dec 1st, 2023 at 155.0400
The intermediate-term trend has been DOWN since Mar 10th, 2024 at 160.5695
The short-term trend has been UP since Mar 13th, 2024 at 161.4870
Smart Scan Analysis for EURJPY
Based on our trend formula, EURJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
162.2940 | 162.6845 | 161.9695 | 162.1890 | -0.1050 |
Prev. Close | Volume | Bid | Ask | Time |
162.2940 | 2024-03-18 21:03:38 |