Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
US Dollar/ (FOREX:USDTJS)
Countertrend Up (+85) - USDTJS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDTJS
The long-term trend has been UP since Jul 20th, 2023 at 10.955573
The intermediate-term trend has been UP since Aug 9th, 2023 at 10.980276
The short-term trend has been UP since Sep 4th, 2023 at 10.991340
Smart Scan Analysis for USDTJS
Based on our trend formula, USDTJS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).