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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Euro/Japanese Yen (FOREX:EURJPY)

Sidelines Mode (+55) - EURJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_EURJPY
Open High Low EURJPY Price Change
158.6100 159.5445 158.4000 159.4535 +0.8435
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term up The long-term trend has been UP since Nov 5th, 2024 at 166.684

intermediate term down The intermediate-term trend has been DOWN since Nov 13th, 2024 at 161.505

short term up The short-term trend has been UP since Dec 6th, 2024 at 159.357

Smart Scan Analysis for EURJPY

Based on our trend formula, EURJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
158.6100 159.5445 158.4000 159.4535 +0.8435
Prev. Close Volume Bid Ask Time
158.6100 2024-12-06 08:41:57
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