Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Dec 20th, 2018 at 154.17
The intermediate term trend has been DOWN since Dec 4th, 2018 at 155.58
The short term trend has been UP since Jan 9th, 2019 at 151.58
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).