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.
MarketClub’s Trade Triangles for EURJPY
The long term trend has been UP since Sep 20th, 2018 at 131.9565
The intermediate term trend has been DOWN since Oct 8th, 2018 at 130.1200
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).