Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
/Japanese Yen (FOREX:CNHJPY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Jul 3rd, 2017 at 16.6173
The intermediate term trend has been DOWN since Nov 15th, 2017 at 17.0180
The short term trend has been DOWN since Nov 15th, 2017 at 17.0235
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).