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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

US Dollar/ (FOREX:USDTJS)

Countertrend Down (-85) - USDTJS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid USDTJS?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDTJS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDTJS
Open High Low USDTJS Price Change
10.645129 10.645518 10.643864 10.645518 +0.000389
Entry Signal

MarketClub’s Trade Triangles for USDTJS

long term down The long-term trend has been DOWN since May 9th, 2024 at 10.891811

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 10.681369

short term up The short-term trend has been UP since Jul 15th, 2024 at 10.650822

Smart Scan Analysis for USDTJS

Based on our trend formula, USDTJS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDTJS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.645129 10.645518 10.643864 10.645518 +0.000389
Prev. Close Volume Bid Ask Time
10.631386 2024-07-17 23:17:56
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