Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SDRJPY
The long term trend has been UP since Sep 30th, 2018 at 158.62
The intermediate term trend has been UP since Nov 5th, 2018 at 157.33
The short term trend has been DOWN since Nov 12th, 2018 at 157.46
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).