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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
US Dollar/Japanese Yen (FOREX:USDJPY)
Countertrend Down (-85) - USDJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDJPY
The long-term trend has been DOWN since Dec 1st, 2022 at 136.5100
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 133.9345
The short-term trend has been UP since Mar 22nd, 2023 at 132.7755
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 132.3500 | 132.9990 | 131.0765 | 131.2550 | -1.0950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 132.3500 | 2023-03-22 15:57:39 |