Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
Crossroads (+60) - JPYAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYAUD
The long-term trend has been DOWN since Jun 2nd, 2023 at 0.01080614
The intermediate-term trend has been UP since Dec 6th, 2023 at 0.01039543
The short-term trend has been UP since Nov 28th, 2023 at 0.01022500
Smart Scan Analysis for JPYAUD
Based on our trend formula, JPYAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).