Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Crossroads (+60) - JPYZAR 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 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.
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been DOWN since Jun 12th, 2023 at 0.13275576
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.12670544
The short-term trend has been UP since Nov 29th, 2023 at 0.12660873
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).