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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Weak Downtrend (-65) - XDRJPY is showing signs of a strengthening downtrend. Monitor XDRJPY as it may be building momentum to the downside.

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
203.8648 203.8648 203.8648 203.8648 0.0000
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term up The long-term trend has been UP since Mar 1st, 2024 at 199.84774

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 209.80503

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 211.93776

Smart Scan Analysis for XDRJPY

Based on our trend formula, XDRJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
203.8648 203.8648 203.8648 203.8648 0.0000
Prev. Close Volume Bid Ask Time
203.8648 2024-07-26 14:00:16
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