Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Euro/Japanese Yen (FOREX:EURJPY)
Strong Uptrend (+100) - EURJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jun 2nd, 2020 at 121.1575
The intermediate-term trend has been UP since Jul 14th, 2020 at 121.9700
The short-term trend has been UP since Jul 14th, 2020 at 121.9615
Smart Scan Analysis for EURJPY
Based on our trend formula, EURJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).