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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Long-Term Downtrend (-90) - XDRJPY is in a strong downtrend that is likely to continue. While XDRJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
191.82994 192.34468 191.82994 192.34468 +0.51474
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term down The long-term trend has been DOWN since Dec 8th, 2023 at 193.70742

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 198.79693

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 198.79693

Smart Scan Analysis for XDRJPY

Based on our trend formula, XDRJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
191.82994 192.34468 191.82994 192.34468 +0.51474
Prev. Close Volume Bid Ask Time
192.34468 2023-12-08 20:32:20
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