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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.

FOREX_JPYUSD
Open High Low JPYUSD Price Change
0.00752729 0.00753432 0.00748705 0.00750680 -0.00002000
Entry Signal

MarketClub’s Trade Triangles for JPYUSD

long term up The long-term trend has been UP since Dec 1st, 2022 at 0.00732500

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 0.00747000

short term down 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).

+55
Smart Scan Analysis for JPYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00752729 0.00753432 0.00748705 0.00750680 -0.00002000
Prev. Close Volume Bid Ask Time
0.00752729 2023-03-31 11:04:13
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