Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Apr 29th, 2018 at 150.1200
The short term trend has been UP since Jun 22nd, 2018 at 146.1975
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).