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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

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
108.8250 109.3825 108.8250 109.1005 +0.2755
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 107.6580

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2020 at 111.5005

short term up The short-term trend has been UP since Apr 5th, 2020 at 108.6655

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.8250 109.3825 108.8250 109.1005 +0.2755
Prev. Close Volume Bid Ask Time
108.8250 109.0960 109.1050 2020-04-06 15:28:32
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