Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Japanese Yen/Russian Ruble (FOREX:JPYRUB)
Long-Term Downtrend (-90) - JPYRUB is in a strong downtrend that is likely to continue. While JPYRUB 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 JPYRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYRUB
The long-term trend has been DOWN since Feb 15th, 2021 at 0.69906890
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.65902489
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.61789275
Smart Scan Analysis for JPYRUB
Based on our trend formula, JPYRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).