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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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.

FOREX_EURJPY
Open High Low EURJPY Price Change
168.71882 168.81300 168.12300 168.53450 -0.18432
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 163.7200

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 167.8055

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 168.3000

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).

-70
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
168.71882 168.81300 168.12300 168.53450 -0.18432
Prev. Close Volume Bid Ask Time
168.71882 2024-06-16 17:37:15
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