Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Japanese Yen/Special drawing rights (FOREX:JPYXDR)
Long-Term Downtrend (-90) - JPYXDR is in a strong downtrend that is likely to continue. While JPYXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYXDR
The long-term trend has been DOWN since Jun 5th, 2020 at 0.00671714
The intermediate-term trend has been DOWN since Sep 25th, 2020 at 0.00677732
The short-term trend has been DOWN since Oct 4th, 2020 at 0.00672438
Smart Scan Analysis for JPYXDR
Based on our trend formula, JPYXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).