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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

US Dollar/Japanese Yen (FOREX:USDJPY)

Bull Market Weakness (+75) - USDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJPY as it may be in the beginning stages of a reversal.

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.

FOREX_USDJPY
Open High Low USDJPY Price Change
114.0510 114.0790 113.7515 113.8185 -0.2325
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 105.6610

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 110.4460

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 113.9215

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.0510 114.0790 113.7515 113.8185 -0.2325
Prev. Close Volume Bid Ask Time
114.0510 2021-10-22 06:46:43
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