Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 GBPJPY
The long term trend has been DOWN since Feb 28th, 2018 at 146.9855
The intermediate term trend has been UP since Aug 29th, 2018 at 144.8550
The short term trend has been UP since Sep 5th, 2018 at 144.0050
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).