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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Euro/Japanese Yen (FOREX:EURJPY)

Countertrend Up (+85) - EURJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
129.0275 129.2950 128.7750 129.2505 +0.2230
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term up The long-term trend has been UP since Jun 2nd, 2020 at 121.1575

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2021 at 127.6750

short term down The short-term trend has been DOWN since Mar 8th, 2021 at 128.8745

Smart Scan Analysis for EURJPY

Based on our trend formula, EURJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.0275 129.2950 128.7750 129.2505 +0.2230
Prev. Close Volume Bid Ask Time
129.0275 2021-03-08 20:15:40
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