Index Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
VELOCITYSHARES DAILY 4X LONG JPY VS USD [NAV] (PACF:UJPY.NV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 6th, 2018 at 31.2187
The short term trend has been DOWN since Jun 13th, 2018 at 26.8498
Smart Scan Analysis for UJPY.NV
Based on a pre-defined weighted trend formula for chart analysis, UJPY.NV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||32.9085||52wk High Date||2018-03-26|
|52wk Low||25||52wk Low Date||2017-12-13|