Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
/Japanese Yen (FOREX:CNHJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 CNHJPY
The long term trend has been DOWN since Mar 1st, 2018 at 16.8152
The intermediate term trend has been UP since Dec 2nd, 2018 at 16.4295
The short term trend has been UP since Dec 11th, 2018 at 16.4317
Smart Scan Analysis for CNHJPY
Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).