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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Japanese Yen/US Dollar (FOREX:JPYUSD)

Sidelines Mode (-55) - JPYUSD 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 JPYUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYUSD
Open High Low JPYUSD Price Change
0.00928285 0.00928635 0.00927845 0.00928055 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for JPYUSD

long term up The long-term trend has been UP since Feb 28th, 2020 at 0.009289

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 0.009278

short term up The short-term trend has been UP since May 29th, 2020 at 0.009314

Smart Scan Analysis for JPYUSD

Based on our trend formula, JPYUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for JPYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00928285 0.00928635 0.00927845 0.00928055 -0.00000200
Prev. Close Volume Bid Ask Time
0.00928285 0.00927970 0.00928140 2020-06-02 03:05:12
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