Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 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 Jun 2nd, 2020 at 121.1575
The intermediate-term trend has been UP since Jan 29th, 2021 at 127.6750
The short-term trend has been UP since Apr 20th, 2021 at 130.7950
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).