Future Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
E-MICRO JPY/USD Jun 2019 (CME:MJY.M19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 MJY.M19
The long term trend has been UP since Jun 2nd, 2019 at 0.009246
The intermediate term trend has been UP since May 5th, 2019 at 0.009033
The short term trend has been DOWN since Jun 14th, 2019 at 0.009213
Smart Scan Analysis for MJY.M19
Based on a pre-defined weighted trend formula for chart analysis, MJY.M19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).