Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Long-Term Uptrend (+90) - AUDJPY is in a strong uptrend that is likely to continue. While AUDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for AUDJPY
The long-term trend has been UP since Jun 1st, 2020 at 72.5805
The intermediate-term trend has been UP since Apr 8th, 2020 at 67.6805
The short-term trend has been UP since Jul 31st, 2020 at 75.5165
Smart Scan Analysis for AUDJPY
Based on our trend formula, AUDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).