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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

US Dollar/Japanese Yen (FOREX:USDJPY)

Long-Term Uptrend (+90) - USDJPY is in a strong uptrend that is likely to continue. While USDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_USDJPY
Open High Low USDJPY Price Change
106.818 106.954 106.689 106.744 -0.074
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 105.661

intermediate term up The intermediate-term trend has been UP since Jan 10th, 2021 at 104.087

short term up The short-term trend has been UP since Feb 24th, 2021 at 105.843

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.818 106.954 106.689 106.744 -0.074
Prev. Close Volume Bid Ask Time
106.818 2021-03-02 12:09:39
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