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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

US Dollar/Japanese Yen (FOREX:USDJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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
112.2965 112.6890 112.0445 112.6685 +0.3720
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long term trend has been UP since Nov 3rd, 2017 at 114.3240

intermediate term up The intermediate term trend has been UP since Dec 10th, 2017 at 113.5885

short term down The short term trend has been DOWN since Dec 13th, 2017 at 113.2505

Smart Scan Analysis for USDJPY

Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
112.2965 112.6890 112.0445 112.6685 +0.3720
Prev. Close Volume Bid Ask Time
112.2965 112.6640 112.6730 2017-12-15 12:49:08
Want to analyze US Dollar/Japanese Yen USDJPY or another symbol? Try our Free Forex Trend Analysis Report.