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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 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
196.42369 196.42369 196.42369 196.42369 0.00000
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term up The long-term trend has been UP since Nov 5th, 2024 at 202.61109

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2024 at 202.51136

short term down The short-term trend has been DOWN since Nov 27th, 2024 at 203.72930

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
196.42369 196.42369 196.42369 196.42369 0.00000
Prev. Close Volume Bid Ask Time
196.42369 2024-12-08 21:06:26
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