Forex Trend Analysis Report
Prepared for you on Friday, July 19, 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.
MarketClub’s Trade Triangles for EURJPY
The long term trend has been DOWN since Dec 21st, 2018 at 126.7170
The intermediate term trend has been DOWN since Jul 16th, 2019 at 121.3215
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).