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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

US Dollar/Japanese Yen (FOREX:USDJPY)

Strong Uptrend (+100) - USDJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.

FOREX_USDJPY
Open High Low USDJPY Price Change
105.505 106.094 105.460 105.919 +0.414
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 105.661

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2021 at 104.087

short term up The short-term trend has been UP since Feb 24th, 2021 at 105.843

Smart Scan Analysis for USDJPY

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

+100
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.505 106.094 105.460 105.919 +0.414
Prev. Close Volume Bid Ask Time
105.505 2021-02-24 18:28:52
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