Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Japanese Yen/Special drawing rights (FOREX:JPYXDR)
Sidelines Mode (+50) - JPYXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until JPYXDR can gain momentum.
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 DOWN since Dec 28th, 2020 at 0.00668358
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.00642785
The short-term trend has been UP since Apr 6th, 2021 at 0.00637646
Smart Scan Analysis for JPYXDR
Based on our trend formula, JPYXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).