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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

US Dollar/Japanese Yen (FOREX:USDJPY)

Weak Downtrend (-65) - USDJPY is showing signs of a strengthening downtrend. Monitor USDJPY as it may be building momentum to the downside.

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
106.744 107.000 106.675 106.864 +0.120
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 down The intermediate-term trend has been DOWN since Jun 10th, 2020 at 107.0650

short term up The short-term trend has been UP since Aug 10th, 2020 at 106.0415

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.744 107.000 106.675 106.864 +0.120
Prev. Close Volume Bid Ask Time
106.744 106.859 106.869 2020-08-12 19:51:37
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