Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Sidelines Mode (-55) - AUDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jun 20th, 2021 at 82.3035
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 79.7565
The short-term trend has been UP since Sep 23rd, 2021 at 79.9105
Smart Scan Analysis for AUDJPY
Based on our trend formula, AUDJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).