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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Long-Term Downtrend (-90) - XDRJPY is in a strong downtrend that is likely to continue. While XDRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_XDRJPY
Open High Low XDRJPY Price Change
177.46987 177.46987 177.46987 177.46987 0.00000
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 183.24596

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 179.53666

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 179.53666

Smart Scan Analysis for XDRJPY

Based on our trend formula, XDRJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
177.46987 177.46987 177.46987 177.46987 0.00000
Prev. Close Volume Bid Ask Time
177.46987 2023-03-18 03:55:53
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