Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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.
MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since Feb 5th, 2021 at 105.6610
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 108.6150
The short-term trend has been DOWN since Apr 5th, 2021 at 110.3805
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).