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Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
US Dollar/Japanese Yen (FOREX:USDJPY)
Bull Market Weakness (+75) - USDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJPY as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since May 18th, 2023 at 137.8925
The intermediate-term trend has been UP since Apr 10th, 2023 at 133.7530
The short-term trend has been DOWN since Jun 7th, 2023 at 139.1105
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 139.817 | 139.835 | 139.668 | 139.761 | -0.056 |
| Prev. Close | Volume | Bid | Ask | Time |
| 139.817 | 2023-06-08 01:34:57 |