Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
ICE Yen FX Index Official 4 PM London Close (GIF:ICEJXCL)
Bear Market Rally (-75) - ICEJXCL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ICEJXCL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ICEJXCL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ICEJXCL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ICEJXCL
The long-term trend has been DOWN since Jun 5th, 2020 at 86.089
The intermediate-term trend has been UP since Jul 27th, 2020 at 87.715
The short-term trend has been DOWN since Jul 31st, 2020 at 88.136
Smart Scan Analysis for ICEJXCL
Based on our trend formula, ICEJXCL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).