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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.

FOREX_USDJPY
Open High Low USDJPY Price Change
132.3500 132.9990 131.0765 131.2550 -1.0950
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 136.5100

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 133.9345

short term up 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).

-85
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways 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
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