Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Japanese Yen/US Dollar (FOREX:JPYUSD)
Bear Market Rally (-75) - JPYUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYUSD as it may be in the beginning of a reversal.
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 DOWN since Feb 5th, 2021 at 0.00946405
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 0.00905415
The short-term trend has been UP since Oct 21st, 2021 at 0.00878006
Smart Scan Analysis for JPYUSD
Based on our trend formula, JPYUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).