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Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 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.
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MarketClub’s Trade Triangles for XDRJPY
The long-term trend has been DOWN since Dec 1st, 2022 at 183.24596
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 179.53666
The short-term trend has been DOWN since Mar 15th, 2023 at 179.53666
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 177.46987 | 177.46987 | 177.46987 | 177.46987 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 177.46987 | 2023-03-18 03:55:53 |