Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Japanese Yen/ (FOREX:JPYRSD)
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 JPYRSD
The long term trend has been DOWN since Sep 20th, 2018 at 0.893530
The intermediate term trend has been UP since Oct 8th, 2018 at 0.909700
The short term trend has been UP since Oct 23rd, 2018 at 0.922295
Smart Scan Analysis for JPYRSD
Based on a pre-defined weighted trend formula for chart analysis, JPYRSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).