Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Japanese Yen/Chinese Renminbi Yuan (FOREX:JPYCNY)
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 JPYCNY
The long term trend has been UP since Feb 14th, 2018 at 0.059580
The intermediate term trend has been UP since Feb 13th, 2018 at 0.058445
The short term trend has been DOWN since Feb 20th, 2018 at 0.059450
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).