Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

Euro/Japanese Yen (FOREX:EURJPY)

Strong Downtrend (-100) - EURJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURJPY continues to fall. 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
159.92048 159.95861 134.90926 159.84968 -0.07080
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 155.04000

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2023 at 160.10897

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 162.48000

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).

-100
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
159.92048 159.95861 134.90926 159.84968 -0.07080
Prev. Close Volume Bid Ask Time
159.92048 2023-12-03 14:54:20
Get a free daily analysis and signals for Euro/Japanese Yen (EURJPY) - Request Your Free Report.