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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

US Dollar/Japanese Yen (FOREX:USDJPY)

Sidelines Mode (-55) - USDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
149.9890 150.6905 149.7750 150.0570 +0.0680
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Nov 5th, 2024 at 153.8700

intermediate term down The intermediate-term trend has been DOWN since Nov 27th, 2024 at 151.3405

short term up The short-term trend has been UP since Dec 4th, 2024 at 150.7470

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
149.9890 150.6905 149.7750 150.0570 +0.0680
Prev. Close Volume Bid Ask Time
149.9890 2024-12-06 08:58:02
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