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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

US Dollar/Japanese Yen (FOREX:USDJPY)

Sidelines Mode (-50) - USDJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDJPY can gain momentum.

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
108.8420 108.8905 108.7320 108.8050 -0.0370
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 down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 108.6150

short term down The short-term trend has been DOWN since Apr 5th, 2021 at 110.3805

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.8420 108.8905 108.7320 108.8050 -0.0370
Prev. Close Volume Bid Ask Time
108.8420 2021-05-12 04:21:41
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