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.
MarketClub’s Trade Triangles for AUDJPY
The long-term trend has been DOWN since Dec 4th, 2022 at 90.99150
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 90.74300
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).