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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Special drawing rights/Japanese Yen (FOREX:XDRJPY)

Countertrend Up (+85) - XDRJPY 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 XDRJPY?

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

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

FOREX_XDRJPY
Open High Low XDRJPY Price Change
159.80214 159.80214 159.80214 159.80214 0.00000
Entry Signal

MarketClub’s Trade Triangles for XDRJPY

long term up The long-term trend has been UP since Oct 14th, 2021 at 158.95441

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 157.29419

short term up The short-term trend has been UP since Sep 27th, 2021 at 157.08747

Smart Scan Analysis for XDRJPY

Based on our trend formula, XDRJPY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for XDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
159.80214 159.80214 159.80214 159.80214 0.00000
Prev. Close Volume Bid Ask Time
159.80214 2021-10-14 07:18:44
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