Forex Trend Analysis Report
Prepared for you on Monday, December 17, 2018.
Japanese Yen/US Dollar (FOREX:JPYUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Dec 6th, 2018 at 0.008904
The short term trend has been UP since Dec 17th, 2018 at 0.008834
Smart Scan Analysis for JPYUSD
Based on a pre-defined weighted trend formula for chart analysis, JPYUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).