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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.
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MarketClub’s Trade Triangles for EURJPY
The long-term trend has been DOWN since Nov 26th, 2021 at 127.9250
The intermediate-term trend has been UP since Dec 16th, 2021 at 129.5975
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).
| 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 |