Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Japanese Yen/Swiss Franc (FOREX:JPYCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 JPYCHF
The long term trend has been DOWN since Oct 21st, 2019 at 0.9060950
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.9075852
The short term trend has been UP since Dec 6th, 2019 at 0.9102000
Smart Scan Analysis for JPYCHF
Based on a pre-defined weighted trend formula for chart analysis, JPYCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).