Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Japanese Yen/British Pound (FOREX:JPYGBP)
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 JPYGBP
The long term trend has been UP since Feb 28th, 2018 at 0.006803
The intermediate term trend has been DOWN since Mar 21st, 2018 at 0.006665
The short term trend has been UP since Mar 23rd, 2018 at 0.006768
Smart Scan Analysis for JPYGBP
Based on a pre-defined weighted trend formula for chart analysis, JPYGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).