Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Pakistani Rupee/Japanese Yen (FOREX:PKRJPY)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 PKRJPY
The long term trend has been DOWN since Dec 21st, 2017 at 1.034050
The intermediate term trend has been UP since Apr 10th, 2018 at 0.921125
The short term trend has been UP since Apr 3rd, 2018 at 0.921050
Smart Scan Analysis for PKRJPY
Based on a pre-defined weighted trend formula for chart analysis, PKRJPY scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).