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.
MarketClub’s Trade Triangles for EURJPY
The long-term trend has been DOWN since Dec 1st, 2023 at 155.04000
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 160.10897
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).