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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

Euro/Japanese Yen (FOREX:EURJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_EURJPY
Open High Low EURJPY Price Change
129.7225 130.1995 129.5595 130.0570 +0.3345
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term up The long term trend has been UP since Sep 20th, 2018 at 131.9565

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 130.1200

short term down The short term trend has been DOWN since Oct 15th, 2018 at 129.2970

Smart Scan Analysis for EURJPY

Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.7225 130.1995 129.5595 130.0570 +0.3345
Prev. Close Volume Bid Ask Time
129.7225 130.0520 130.0620 2018-10-16 21:43:08
Want to analyze Euro/Japanese Yen EURJPY or another symbol? Try our Free Forex Trend Analysis Report.