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.
MarketClub’s Trade Triangles for USDJPY
The long-term trend has been UP since Feb 5th, 2021 at 105.661
The intermediate-term trend has been UP since Jan 10th, 2021 at 104.087
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).