Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Strong Uptrend (+100) - AUDJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Dec 10th, 2020 at 78.3300
The intermediate-term trend has been UP since Nov 8th, 2020 at 75.4535
The short-term trend has been UP since Feb 5th, 2021 at 80.3325
Smart Scan Analysis for AUDJPY
Based on our trend formula, AUDJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).