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Forex Trend Analysis Report

Prepared for you on Saturday, October 21, 2017.

US Dollar/Japanese Yen (FOREX:USDJPY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDJPY
Open High Low USDJPY Price Change
113.5245 113.5250 113.5080 113.5080 -0.0165
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long term trend has been DOWN since Aug 11th, 2017 at 108.9690

intermediate term up The intermediate term trend has been UP since Sep 13th, 2017 at 110.6535

short term up The short term trend has been UP since Oct 17th, 2017 at 112.3035

Smart Scan Analysis for USDJPY

Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
113.5245 113.5250 113.5080 113.5080 -0.0165
Prev. Close Volume Bid Ask Time
113.5245 113.5030 113.5130 2017-10-21 18:57:17
Want to analyze US Dollar/Japanese Yen USDJPY or another symbol? Try our Free Forex Trend Analysis Report.