Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Czech Koruna/Japanese Yen (FOREX:CZKJPY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since May 1st, 2017 at 4.547200
The intermediate term trend has been UP since Aug 28th, 2017 at 5.010000
The short term trend has been DOWN since Nov 17th, 2017 at 5.179235
Smart Scan Analysis for CZKJPY
Based on a pre-defined weighted trend formula for chart analysis, CZKJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).