Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
/Japanese Yen (FOREX:CNHJPY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Dec 8th, 2017 at 17.1293
The short term trend has been UP since Jan 17th, 2018 at 17.2550
Smart Scan Analysis for CNHJPY
Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).