Future Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
E-MICRO JPY/USD Jun 2021 (CME:MJY.M21)
Sidelines Mode (-55) - MJY.M21 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 MJY.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MJY.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MJY.M21
The long-term trend has been DOWN since Jan 7th, 2021 at 0.009651
The intermediate-term trend has been DOWN since Jan 7th, 2021 at 0.009651
The short-term trend has been UP since Apr 13th, 2021 at 0.009161
Smart Scan Analysis for MJY.M21
Based on our trend formula, MJY.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).