Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

Euro/Japanese Yen (FOREX:EURJPY)

Long-Term Downtrend (-90) - EURJPY is in a strong downtrend that is likely to continue. While EURJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
118.801 119.130 118.735 119.044 +0.243
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term down The long-term trend has been DOWN since Feb 13th, 2020 at 119.2465

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2020 at 120.1770

short term down The short-term trend has been DOWN since Feb 9th, 2020 at 120.0800

Smart Scan Analysis for EURJPY

Based on our trend formula, EURJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.801 119.130 118.735 119.044 +0.243
Prev. Close Volume Bid Ask Time
118.801 119.040 119.048 2020-02-19 04:48:26
Get a free daily analysis and signals for Euro/Japanese Yen (EURJPY) - Request Your Free Report.