Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Japanese Yen/Euro (FOREX:JPYEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 JPYEUR
The long term trend has been DOWN since Sep 20th, 2018 at 0.007578
The intermediate term trend has been UP since Oct 8th, 2018 at 0.007685
The short term trend has been UP since Oct 15th, 2018 at 0.007735
Smart Scan Analysis for JPYEUR
Based on a pre-defined weighted trend formula for chart analysis, JPYEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).