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Forex Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

Euro/Japanese Yen (FOREX:EURJPY)

Bear Market Rally (-75) - EURJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURJPY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid EURJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURJPY
Open High Low EURJPY Price Change
130.38912 130.38912 130.28650 130.31700 -0.07212
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term down The long-term trend has been DOWN since Nov 26th, 2021 at 127.9250

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2021 at 129.5975

short term down The short-term trend has been DOWN since Jan 14th, 2022 at 130.3950

Smart Scan Analysis for EURJPY

Based on our trend formula, EURJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
130.38912 130.38912 130.28650 130.31700 -0.07212
Prev. Close Volume Bid Ask Time
130.38912 2022-01-16 16:30:08
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