Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 SDRJPY
The long term trend has been UP since Nov 6th, 2019 at 149.89000
The intermediate term trend has been UP since Jan 12th, 2020 at 151.28328
The short term trend has been UP since Jan 8th, 2020 at 150.45370
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).