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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Australian Dollar/Japanese Yen (FOREX:AUDJPY)

Countertrend Down (-85) - AUDJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
87.9015 88.3740 86.9430 87.3580 -0.5435
Entry Signal

MarketClub’s Trade Triangles for AUDJPY

long term down The long-term trend has been DOWN since Dec 4th, 2022 at 90.99150

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 90.74300

short term up The short-term trend has been UP since Mar 15th, 2023 at 90.09866

Smart Scan Analysis for AUDJPY

Based on our trend formula, AUDJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.9015 88.3740 86.9430 87.3580 -0.5435
Prev. Close Volume Bid Ask Time
87.9015 2023-03-23 19:53:30
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