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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
US Dollar/Japanese Yen (FOREX:USDJPY)
Countertrend Up (+85) - USDJPY 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 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.
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MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since Mar 19th, 2024 at 150.8840
The intermediate-term trend has been UP since Mar 19th, 2024 at 150.8440
The short-term trend has been DOWN since Apr 18th, 2024 at 153.6705
Smart Scan Analysis for USDJPY
Based on our trend formula, USDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 154.2230 | 154.6185 | 154.2095 | 154.6075 | +0.3845 |
| Prev. Close | Volume | Bid | Ask | Time |
| 154.2230 | 2024-04-19 13:57:11 |