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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Special drawing rights/Japanese Yen (FOREX:XDRJPY)
Sidelines Mode (+55) - XDRJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XDRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XDRJPY
The long-term trend has been UP since Nov 5th, 2024 at 202.61109
The intermediate-term trend has been UP since Sep 25th, 2024 at 189.76889
The short-term trend has been DOWN since Nov 8th, 2024 at 202.61109
Smart Scan Analysis for XDRJPY
Based on our trend formula, XDRJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 204.33416 | 204.33416 | 204.33416 | 204.33416 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 204.33416 | 2024-11-18 13:11:45 |