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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/Japanese Yen (FOREX:USDJPY)
Sidelines Mode (+55) - USDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.
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 USDJPY
The long-term trend has been DOWN since Jul 31st, 2024 at 150.821
The intermediate-term trend has been UP since Oct 2nd, 2024 at 146.467
The short-term trend has been DOWN since Oct 31st, 2024 at 152.416
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 152.4745 | 152.5450 | 152.0890 | 152.2380 | -0.2365 |
| Prev. Close | Volume | Bid | Ask | Time |
| 152.4745 | 2024-11-05 07:46:56 |