Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Japanese Yen/Chinese Renminbi Yuan (FOREX:JPYCNY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Mar 28th, 2018 at 0.058980
The short term trend has been DOWN since May 21st, 2018 at 0.057375
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).