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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Australian Dollar/Japanese Yen (FOREX:AUDJPY)

Bull Market Weakness (+75) - AUDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AUDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDJPY
Open High Low AUDJPY Price Change
97.9630 98.1300 97.9100 98.0115 +0.0485
Entry Signal

MarketClub’s Trade Triangles for AUDJPY

long term up The long-term trend has been UP since Feb 22nd, 2024 at 98.86400

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2024 at 97.99904

short term down The short-term trend has been DOWN since Feb 26th, 2024 at 98.45900

Smart Scan Analysis for AUDJPY

Based on our trend formula, AUDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AUDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.9630 98.1300 97.9100 98.0115 +0.0485
Prev. Close Volume Bid Ask Time
97.9630 2024-03-04 03:28:48
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