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Forex Trend Analysis Report

Prepared for you on Monday, May 1, 2017.

US Dollar/Japanese Yen (FOREX:USDJPY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_USDJPY
Open High Low USDJPY Price Change
111.6735 111.6845 111.6080 111.6120 -0.0615
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long term trend has been DOWN since Mar 21st, 2017 at 111.6155

intermediate term up The intermediate term trend has been UP since Apr 26th, 2017 at 111.5795

short term up The short term trend has been UP since Apr 20th, 2017 at 109.2210

Smart Scan Analysis for USDJPY

Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
111.6735 111.6845 111.6080 111.6120 -0.0615
Prev. Close Volume Bid Ask Time
111.6735 111.6090 111.6150 2017-05-01 02:14:53
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