Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
US Dollar/Japanese Yen (FOREX:USDJPY)
Weak Uptrend (+65) - USDJPY is showing signs of weakening momentum to the upside. Monitor USDJPY as it may be in the beginning stages of a reversal.
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 Feb 5th, 2021 at 105.6610
The intermediate-term trend has been UP since Nov 16th, 2021 at 114.4445
The short-term trend has been DOWN since Nov 26th, 2021 at 114.5510
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).