Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Pakistani Rupee/Japanese Yen (FOREX:PKRJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 UP since Nov 2nd, 2017 at 1.07035
The intermediate term trend has been DOWN since Nov 14th, 2017 at 1.08355
The short term trend has been UP since Nov 2nd, 2017 at 1.07025
Smart Scan Analysis for PKRJPY
Based on a pre-defined weighted trend formula for chart analysis, PKRJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).