Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
US Dollar/Japanese Yen (FOREX:USDJPY)
Crossroads (-60) - USDJPY 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 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.
MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since May 18th, 2023 at 137.8925
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 148.8275
The short-term trend has been DOWN since Nov 14th, 2023 at 151.2360
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).