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.
MarketClub’s Trade Triangles for XDRJPY
The long-term trend has been DOWN since Jan 21st, 2020 at 152.10598
The intermediate-term trend has been UP since May 18th, 2020 at 145.81243
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).