Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Czech Koruna/Japanese Yen (FOREX:CZKJPY)
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 CZKJPY
The long term trend has been DOWN since Dec 21st, 2018 at 4.902600
The intermediate term trend has been DOWN since Dec 21st, 2018 at 4.924000
The short term trend has been DOWN since Jan 13th, 2019 at 4.854905
Smart Scan Analysis for CZKJPY
Based on a pre-defined weighted trend formula for chart analysis, CZKJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).