Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
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.
MarketClub’s Trade Triangles for EURJPY
The long-term trend has been UP since Mar 8th, 2022 at 135.0050
The intermediate-term trend has been DOWN since Jul 6th, 2022 at 137.9315
The short-term trend has been UP since Aug 4th, 2022 at 136.4145
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).