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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Japanese Yen/Euro (FOREX:JPYEUR)

Sidelines Mode (+55) - JPYEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid JPYEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYEUR
Open High Low JPYEUR Price Change
0.00614846 0.00615100 0.00611600 0.00612500 -0.00002300
Entry Signal

MarketClub’s Trade Triangles for JPYEUR

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.006436

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2024 at 0.006228

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.006192

Smart Scan Analysis for JPYEUR

Based on our trend formula, JPYEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JPYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00614846 0.00615100 0.00611600 0.00612500 -0.00002300
Prev. Close Volume Bid Ask Time
0.00614846 2024-03-19 05:52:28
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