Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Pakistani Rupee/Japanese Yen (FOREX:PKRJPY)
Sidelines Mode (-55) - PKRJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 8th, 2021 at 0.69760130
The intermediate-term trend has been UP since Sep 24th, 2021 at 0.65459882
The short-term trend has been DOWN since Oct 19th, 2021 at 0.66333317
Smart Scan Analysis for PKRJPY
Based on our trend formula, PKRJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).