Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Sep 20th, 2018 at 149.3035
The intermediate term trend has been UP since Nov 6th, 2018 at 148.3265
The short term trend has been DOWN since Nov 11th, 2018 at 147.5125
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).