Free Daily Analysis

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.

FOREX_USDJPY
Open High Low USDJPY Price Change
146.825 146.825 146.825 146.825 0.000
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since May 18th, 2023 at 137.8925

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2023 at 148.8275

short term down 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).

-70
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
146.825 146.825 146.825 146.825 0.000
Prev. Close Volume Bid Ask Time
146.825 2023-12-02 08:47:27
Get a free daily analysis and signals for US Dollar/Japanese Yen (USDJPY) - Request Your Free Report.