Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Japanese Yen (FOREX:USDJPY)

Long-Term Uptrend (+90) - USDJPY is in a strong uptrend that is likely to continue. While USDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
151.2895 151.4360 151.1770 151.2235 -0.0660
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 150.8840

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 150.8440

short term up The short-term trend has been UP since Mar 12th, 2024 at 148.0445

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
151.2895 151.4360 151.1770 151.2235 -0.0660
Prev. Close Volume Bid Ask Time
151.2895 2024-03-29 11:38:20
Get a free daily analysis and signals for US Dollar/Japanese Yen (USDJPY) - Request Your Free Report.