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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 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.

FOREX_LFXJPY
Open High Low LFXJPY Price Change
55.7265 55.9315 55.6775 55.9315 +0.2050
Entry Signal

MarketClub’s Trade Triangles for LFXJPY

long term up The long term trend has been UP since Jul 17th, 2018 at 56.2625

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 55.8305

short term down The short term trend has been DOWN since Oct 4th, 2018 at 56.4085

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).

-60
Smart Scan Analysis for LFXJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.7265 55.9315 55.6775 55.9315 +0.2050
Prev. Close Volume Bid Ask Time
55.7265 55.9090 55.9540 2018-10-16 22:39:54
Want to analyze /Japanese Yen LFXJPY or another symbol? Try our Free Forex Trend Analysis Report.