Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Japanese Yen/Special drawing rights (FOREX:JPYXDR)
Crossroads (-60) - JPYXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 5th, 2020 at 0.00678237
The intermediate-term trend has been DOWN since Nov 11th, 2020 at 0.00671936
The short-term trend has been DOWN since Dec 2nd, 2020 at 0.00673657
Smart Scan Analysis for JPYXDR
Based on our trend formula, JPYXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).