Future Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
BRITISH POUND/JAPANESE YEN Dec 2018 (E) (CME:PJY.Z18.E)
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.
MarketClub’s Trade Triangles for PJY.Z18.E
The long term trend has been UP since Sep 19th, 2018 at 147.97
The intermediate term trend has been UP since Nov 6th, 2018 at 147.96
The short term trend has been DOWN since Nov 11th, 2018 at 147.46
Smart Scan Analysis for PJY.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, PJY.Z18.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||149.34||Contract High Date||2018-11-08|
|Contract Low||142.57||Contract Low Date||2018-10-26|
|Estimated Volume||218||First Delivery||2018-12-19|