Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
US Dollar/Japanese Yen (FOREX:USDJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 108.9690
The intermediate term trend has been UP since Sep 13th, 2017 at 110.6535
The short term trend has been UP since Oct 17th, 2017 at 112.3035
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).