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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Sidelines Mode (+50) - XDRJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRJPY can gain momentum.

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
146.57594 146.57594 146.57594 146.57594 0.00000
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term down The long-term trend has been DOWN since Jan 21st, 2020 at 152.10598

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 145.81243

short term up The short-term trend has been UP since May 18th, 2020 at 145.81243

Smart Scan Analysis for XDRJPY

Based on our trend formula, XDRJPY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
146.57594 146.57594 146.57594 146.57594 0.00000
Prev. Close Volume Bid Ask Time
147.05775 146.57594 146.57594 2020-05-21 21:08:21
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