Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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.
MarketClub’s Trade Triangles for XDRJPY
The long-term trend has been UP since Oct 14th, 2021 at 158.95441
The intermediate-term trend has been UP since Sep 27th, 2021 at 157.29419
The short-term trend has been UP since Sep 27th, 2021 at 157.08747
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).