Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Pakistani Rupee/Japanese Yen (FOREX:PKRJPY)
Long-Term Downtrend (-90) - PKRJPY is in a strong downtrend that is likely to continue. While PKRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PKRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for PKRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PKRJPY
The long-term trend has been DOWN since Dec 20th, 2022 at 0.59330368
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.48285913
The short-term trend has been DOWN since Mar 14th, 2023 at 0.48285913
Smart Scan Analysis for PKRJPY
Based on our trend formula, PKRJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).