Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Euro/Japanese Yen (FOREX:EURJPY)
Weak Downtrend (-65) - EURJPY is showing signs of a strengthening downtrend. Monitor EURJPY as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for EURJPY
The long-term trend has been DOWN since Feb 13th, 2020 at 119.2465
The intermediate-term trend has been DOWN since Apr 21st, 2020 at 116.3790
The short-term trend has been DOWN since May 22nd, 2020 at 117.1000
Smart Scan Analysis for EURJPY
Based on our trend formula, EURJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).