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.
MarketClub’s Trade Triangles for JPYXDR
The long-term trend has been UP since Dec 8th, 2023 at 0.00516243
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.00503026
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).