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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Bull Market Weakness (+75) - XDRJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRJPY as it may be in the beginning stages of a reversal.

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
203.7588 203.7588 203.7588 203.7588 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 up The intermediate-term trend has been UP since Mar 20th, 2024 at 199.85939

short term up The short-term trend has been UP since Apr 22nd, 2024 at 203.60032

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
203.7588 203.7588 203.7588 203.7588 0.0000
Prev. Close Volume Bid Ask Time
203.7588 2024-04-22 21:01:00
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