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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Japanese Yen/US Dollar (FOREX:JPYUSD)

Strong Downtrend (-100) - JPYUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYUSD continues to fall. Traders should use caution and set stops.

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
0.00645800 0.00646000 0.00643000 0.00643236 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for JPYUSD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.00662761

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.00662972

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.00646000

Smart Scan Analysis for JPYUSD

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

-100
Smart Scan Analysis for JPYUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00645800 0.00646000 0.00643000 0.00643236 -0.00002600
Prev. Close Volume Bid Ask Time
0.00645800 2024-04-24 23:58:56
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