Index Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
VELOCITYSHARES DAILY 4X LONG JPY VS USD [NAV] (PACF:UJPY.NV)
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.
MarketClub’s Trade Triangles for UJPY.NV
The long term trend has been DOWN since May 2nd, 2018 at 28.1953
The intermediate term trend has been UP since Aug 14th, 2018 at 25.5190
The short term trend has been UP since Aug 6th, 2018 at 25.0116
Smart Scan Analysis for UJPY.NV
Based on a pre-defined weighted trend formula for chart analysis, UJPY.NV scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||32.9085||52wk High Date||2018-03-26|
|52wk Low||23.7295||52wk Low Date||2018-07-20|