Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Japanese Yen/British Pound (FOREX:JPYGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 JPYGBP
The long term trend has been UP since Feb 28th, 2018 at 0.006803
The intermediate term trend has been DOWN since Jul 8th, 2018 at 0.006795
The short term trend has been DOWN since Jun 29th, 2018 at 0.006860
Smart Scan Analysis for JPYGBP
Based on a pre-defined weighted trend formula for chart analysis, JPYGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).