Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Euro/Japanese Yen (FOREX:EURJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURJPY
The long term trend has been DOWN since Dec 21st, 2018 at 126.717
The intermediate term trend has been UP since Dec 1st, 2019 at 120.755
The short term trend has been DOWN since Dec 3rd, 2019 at 120.410
Smart Scan Analysis for EURJPY
Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).