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.
MarketClub’s Trade Triangles for EURJPY
The long-term trend has been DOWN since Feb 13th, 2020 at 119.2465
The intermediate-term trend has been DOWN since Jan 26th, 2020 at 120.1770
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).