Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
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.
MarketClub’s Trade Triangles for USDJPY
The long term trend has been UP since May 15th, 2018 at 110.3815
The intermediate term trend has been DOWN since Dec 6th, 2018 at 112.3250
The short term trend has been UP since Dec 10th, 2018 at 113.1050
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).