Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 18, 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
149.0910 149.3940 148.9515 149.2290 +0.1380
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 144.4750

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 148.9310

short term up The short-term trend has been UP since Mar 12th, 2024 at 148.0445

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
149.0910 149.3940 148.9515 149.2290 +0.1380
Prev. Close Volume Bid Ask Time
149.0910 2024-03-18 22:46:34
Get a free daily analysis and signals for US Dollar/Japanese Yen (USDJPY) - Request Your Free Report.