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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Japanese Yen/South African Rand (FOREX:JPYZAR)

Bear Market Rally (-75) - JPYZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYZAR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid JPYZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYZAR
Open High Low JPYZAR Price Change
0.11720401 0.11813253 0.11665474 0.11731644 +0.00011200
Entry Signal

MarketClub’s Trade Triangles for JPYZAR

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.12510031

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 0.12036116

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.11998386

Smart Scan Analysis for JPYZAR

Based on our trend formula, JPYZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11720401 0.11813253 0.11665474 0.11731644 +0.00011200
Prev. Close Volume Bid Ask Time
0.11720401 2024-06-13 16:09:48
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