Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Japanese Yen/Swiss Franc (FOREX:JPYCHF)
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 JPYCHF
The long term trend has been DOWN since May 16th, 2017 at 0.872115
The intermediate term trend has been UP since Oct 8th, 2017 at 0.869620
The short term trend has been DOWN since Oct 18th, 2017 at 0.868305
Smart Scan Analysis for JPYCHF
Based on a pre-defined weighted trend formula for chart analysis, JPYCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).