Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Japanese Yen (FOREX:USDJPY)
Sidelines Mode (+50) - USDJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDJPY can gain momentum.
Is it time to buy, sell, or avoid USDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDJPY
The long-term trend has been DOWN since Feb 28th, 2020 at 107.6580
The intermediate-term trend has been UP since Mar 23rd, 2020 at 111.5005
The short-term trend has been UP since Apr 5th, 2020 at 108.6655
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).