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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.

FOREX_USDJPY
Open High Low USDJPY Price Change
108.9630 108.9935 108.7260 108.8600 -0.1030
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 107.6580

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2020 at 111.5005

short term up 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).

+50
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.9630 108.9935 108.7260 108.8600 -0.1030
Prev. Close Volume Bid Ask Time
108.9630 108.8590 108.8610 2020-04-09 07:32:03
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