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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

US Dollar/Japanese Yen (FOREX:USDJPY)

Countertrend Up (+85) - USDJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
113.644 113.862 113.519 113.739 +0.095
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 105.6610

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 110.4460

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 113.9215

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
113.644 113.862 113.519 113.739 +0.095
Prev. Close Volume Bid Ask Time
113.644 2021-10-25 13:19:18
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