Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
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 SDRJPY
The long term trend has been UP since Jul 15th, 2018 at 157.66
The intermediate term trend has been UP since Jun 17th, 2018 at 156.51
The short term trend has been UP since Jun 28th, 2018 at 155.13
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).