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Forex Trend Analysis Report

Prepared for you on Tuesday, February 19, 2019.

Euro/Japanese Yen (FOREX:EURJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_EURJPY
Open High Low EURJPY Price Change
124.7750 125.3925 124.7750 124.9325 +0.1575
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term down The long term trend has been DOWN since Dec 21st, 2018 at 126.7170

intermediate term up The intermediate term trend has been UP since Jan 30th, 2019 at 125.2900

short term up The short term trend has been UP since Feb 19th, 2019 at 125.2685

Smart Scan Analysis for EURJPY

Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.7750 125.3925 124.7750 124.9325 +0.1575
Prev. Close Volume Bid Ask Time
124.7750 124.9250 124.9400 2019-02-19 08:24:09
Want to analyze Euro/Japanese Yen EURJPY or another symbol? Try our Free Forex Trend Analysis Report.