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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

Euro/Japanese Yen (FOREX:EURJPY)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_EURJPY
Open High Low EURJPY Price Change
121.560 121.680 121.090 121.397 -0.163
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 down The intermediate term trend has been DOWN since Jul 16th, 2019 at 121.3215

short term down The short term trend has been DOWN since Jul 12th, 2019 at 121.6300

Smart Scan Analysis for EURJPY

Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
121.560 121.680 121.090 121.397 -0.163
Prev. Close Volume Bid Ask Time
121.56 121.393 121.401 2019-07-16 14:57:27
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