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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.
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MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since Nov 5th, 2024 at 153.8700
The intermediate-term trend has been DOWN since Nov 27th, 2024 at 151.3405
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).
| 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 |