Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
US Dollar/Japanese Yen (FOREX:USDJPY)
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 USDJPY
The long term trend has been DOWN since Aug 11th, 2017 at 108.969
The intermediate term trend has been DOWN since Jul 21st, 2017 at 111.161
The short term trend has been UP since Aug 14th, 2017 at 110.070
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).