Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
/Japanese Yen (FOREX:LFXJPY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 LFXJPY
The long term trend has been UP since Jul 17th, 2018 at 56.2625
The intermediate term trend has been DOWN since Dec 5th, 2018 at 55.4775
The short term trend has been DOWN since Dec 4th, 2018 at 55.8405
Smart Scan Analysis for LFXJPY
Based on a pre-defined weighted trend formula for chart analysis, LFXJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).