Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Japanese Yen/Euro (FOREX:JPYEUR)
Long-Term Downtrend (-90) - JPYEUR is in a strong downtrend that is likely to continue. While JPYEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 2nd, 2020 at 0.00825300
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.00785300
The short-term trend has been DOWN since Feb 5th, 2021 at 0.00788495
Smart Scan Analysis for JPYEUR
Based on our trend formula, JPYEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).