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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.

FOREX_JPYXDR
Open High Low JPYXDR Price Change
0.00669588 0.00669588 0.00669588 0.00669588 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JPYXDR

long term up The long-term trend has been UP since Nov 5th, 2020 at 0.00678237

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2020 at 0.00671936

short term down 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).

-60
Smart Scan Analysis for JPYXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00669588 0.00669588 0.00669588 0.00669588 0.00000000
Prev. Close Volume Bid Ask Time
0.00669588 2020-12-04 07:18:28
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