Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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 Feb 2nd, 2020 at 72.4400
The intermediate-term trend has been DOWN since Jan 5th, 2020 at 74.8565
The short-term trend has been UP since Mar 20th, 2020 at 65.5130
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).