Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
US Dollar/Japanese Yen (FOREX:USDJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDJPY
The long term trend has been DOWN since Dec 24th, 2018 at 110.4075
The intermediate term trend has been UP since Feb 4th, 2019 at 109.9450
The short term trend has been UP since Feb 4th, 2019 at 109.6135
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).