Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Japanese Yen/US Dollar (FOREX:JPYUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 JPYUSD
The long term trend has been DOWN since May 15th, 2018 at 0.009059
The intermediate term trend has been UP since May 29th, 2018 at 0.009195
The short term trend has been DOWN since Jun 11th, 2018 at 0.009080
Smart Scan Analysis for JPYUSD
Based on a pre-defined weighted trend formula for chart analysis, JPYUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).