Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

US Dollar/Japanese Yen (FOREX:USDJPY)

Strong Downtrend (-100) - USDJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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
103.913 104.241 103.815 104.096 +0.183
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 down The intermediate-term trend has been DOWN since Oct 21st, 2020 at 104.9350

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 103.8405

Smart Scan Analysis for USDJPY

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

-100
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
103.913 104.241 103.815 104.096 +0.183
Prev. Close Volume Bid Ask Time
103.913 2020-12-04 13:22:22
Get a free daily analysis and signals for US Dollar/Japanese Yen (USDJPY) - Request Your Free Report.