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.
MarketClub’s Trade Triangles for JPYUSD
The long-term trend has been UP since Feb 28th, 2020 at 0.009289
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.009278
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).