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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Japanese Yen/Special drawing rights (FOREX:JPYXDR)

Long-Term Downtrend (-90) - JPYXDR is in a strong downtrend that is likely to continue. While JPYXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.00625774 0.00625774 0.00625774 0.00625774 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JPYXDR

long term down The long-term trend has been DOWN since Oct 14th, 2021 at 0.00629111

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.00635751

short term down The short-term trend has been DOWN since Sep 27th, 2021 at 0.00636588

Smart Scan Analysis for JPYXDR

Based on our trend formula, JPYXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00625774 0.00625774 0.00625774 0.00625774 0.00000000
Prev. Close Volume Bid Ask Time
0.00625774 2021-10-14 07:18:44
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