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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

Japanese Yen/Special drawing rights (FOREX:JPYXDR)

Strong Downtrend (-100) - JPYXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYXDR continues to fall. 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
0.00472886 0.00474248 0.00472886 0.00474248 +0.00001400
Entry Signal

MarketClub’s Trade Triangles for JPYXDR

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.00500381

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.00480659

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.00484225

Smart Scan Analysis for JPYXDR

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

-100
Smart Scan Analysis for JPYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00472886 0.00474248 0.00472886 0.00474248 +0.00001400
Prev. Close Volume Bid Ask Time
0.00472886 2024-06-22 16:44:15
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