Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Japanese Yen/Swiss Franc (FOREX:JPYCHF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jul 11th, 2018 at 0.890675
The intermediate term trend has been DOWN since Aug 24th, 2018 at 0.883620
The short term trend has been DOWN since Sep 12th, 2018 at 0.870855
Smart Scan Analysis for JPYCHF
Based on a pre-defined weighted trend formula for chart analysis, JPYCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).