Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
E-MICRO JPY/USD Dec 2021 (CME:MJY.Z21)
Long-Term Downtrend (-90) - MJY.Z21 is in a strong downtrend that is likely to continue. While MJY.Z21 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 MJY.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MJY.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MJY.Z21
The long-term trend has been DOWN since Sep 28th, 2021 at 0.008969
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.009070
The short-term trend has been DOWN since Oct 5th, 2021 at 0.008974
Smart Scan Analysis for MJY.Z21
Based on our trend formula, MJY.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).