Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
US Dollar/Japanese Yen (FOREX:USDJPY)
Weak Downtrend (-65) - USDJPY is showing signs of a strengthening downtrend. Monitor USDJPY as it may be building momentum to the downside.
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 DOWN since Feb 28th, 2020 at 107.6580
The intermediate-term trend has been DOWN since Jun 10th, 2020 at 107.0650
The short-term trend has been UP since Aug 10th, 2020 at 106.0415
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).