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Forex Trend Analysis Report

Prepared for you on Saturday, September 22, 2018.

Special Drawing Right/Japanese Yen (FOREX:SDRJPY)

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.

FOREX_SDRJPY
Open High Low SDRJPY Price Change
157.95 158.21 157.95 158.21 +0.26
Entry Signal

MarketClub’s Trade Triangles for SDRJPY

long term down The long term trend has been DOWN since Aug 13th, 2018 at 153.85

intermediate term up The intermediate term trend has been UP since Aug 26th, 2018 at 155.93

short term up The short term trend has been UP since Sep 11th, 2018 at 156.02

Smart Scan Analysis for SDRJPY

Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for SDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.95 158.21 157.95 158.21 +0.26
Prev. Close Volume Bid Ask Time
157.95 158.21 158.21 2018-09-22 04:15:27
Want to analyze Special Drawing Right/Japanese Yen SDRJPY or another symbol? Try our Free Forex Trend Analysis Report.