Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Japanese Yen/Euro (FOREX:JPYEUR)
Countertrend Up (+85) - JPYEUR 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 JPYEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYEUR
The long-term trend has been UP since Jan 2nd, 2023 at 0.0071980
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.0070320
The short-term trend has been DOWN since Mar 21st, 2023 at 0.0070034
Smart Scan Analysis for JPYEUR
Based on our trend formula, JPYEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).