Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
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 UP since May 18th, 2023 at 137.8925
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 148.8275
The short-term trend has been DOWN since Nov 14th, 2023 at 151.2360
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).