Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
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.
MarketClub’s Trade Triangles for JPYUSD
The long-term trend has been UP since Dec 1st, 2022 at 0.00732500
The intermediate-term trend has been UP since Mar 12th, 2023 at 0.00747000
The short-term trend has been DOWN since Mar 27th, 2023 at 0.00759595
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).