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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Japanese Yen/Special drawing rights (FOREX:JPYXDR)

Bull Market Weakness (+75) - JPYXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYXDR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid JPYXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYXDR
Open High Low JPYXDR Price Change
0.00521295 0.00521295 0.00519900 0.00519900 -0.00001400
Entry Signal

MarketClub’s Trade Triangles for JPYXDR

long term up The long-term trend has been UP since Dec 8th, 2023 at 0.00516243

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 0.00503026

short term up The short-term trend has been UP since Nov 28th, 2023 at 0.00503026

Smart Scan Analysis for JPYXDR

Based on our trend formula, JPYXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for JPYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00521295 0.00521295 0.00519900 0.00519900 -0.00001400
Prev. Close Volume Bid Ask Time
0.00519900 2023-12-08 20:32:20
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