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.
MarketClub’s Trade Triangles for USDJPY
The long-term trend has been DOWN since Feb 28th, 2020 at 107.6580
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 104.9350
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).