Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Euro/Japanese Yen (FOREX:EURJPY)
Long-Term Uptrend (+90) - EURJPY is in a strong uptrend that is likely to continue. While EURJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 15th, 2021 at 132.4300
The intermediate-term trend has been UP since Oct 11th, 2021 at 130.4695
The short-term trend has been UP since Oct 8th, 2021 at 129.3755
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).