Future Trend Analysis Report
Prepared for you on Friday, December 2, 2022.
E-MICRO USD/JPY Dec 2022 (CME:M6J.Z22)
Long-Term Downtrend (-90) - M6J.Z22 is in a strong downtrend that is likely to continue. While M6J.Z22 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 M6J.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for M6J.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for M6J.Z22
The long-term trend has been DOWN since Dec 1st, 2022 at 136.29
The intermediate-term trend has been DOWN since Nov 8th, 2022 at 145.00
The short-term trend has been DOWN since Nov 23rd, 2022 at 139.38
Smart Scan Analysis for M6J.Z22
Based on our trend formula, M6J.Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).