Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Euro/Japanese Yen (FOREX:EURJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Dec 12th, 2019 at 121.480
The intermediate term trend has been UP since Dec 1st, 2019 at 120.755
The short term trend has been DOWN since Jan 19th, 2020 at 122.120
Smart Scan Analysis for EURJPY
Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).