Future Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
E-MICRO JPY/USD Mar 2020 (CME:MJY.H20)
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 MJY.H20
The long term trend has been DOWN since Oct 7th, 2019 at 0.009438
The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.009161
The short term trend has been UP since Jan 20th, 2020 at 0.009114
Smart Scan Analysis for MJY.H20
Based on a pre-defined weighted trend formula for chart analysis, MJY.H20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).