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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

/Japanese Yen (FOREX:CNHJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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_CNHJPY
Open High Low CNHJPY Price Change
16.1182 16.1472 16.0757 16.1031 -0.0151
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term down The long term trend has been DOWN since Mar 1st, 2018 at 16.8152

intermediate term down The intermediate term trend has been DOWN since May 24th, 2018 at 17.0953

short term up The short term trend has been UP since Aug 16th, 2018 at 16.1475

Smart Scan Analysis for CNHJPY

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

-85
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.1182 16.1472 16.0757 16.1031 -0.0151
Prev. Close Volume Bid Ask Time
16.1182 16.1012 16.1050 2018-08-17 09:31:29
Want to analyze /Japanese Yen CNHJPY or another symbol? Try our Free Forex Trend Analysis Report.