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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Euro/Japanese Yen (FOREX:EURJPY)

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.

FOREX_EURJPY
Open High Low EURJPY Price Change
125.6505 125.8950 125.6100 125.7590 +0.1085
Entry Signal

MarketClub’s Trade Triangles for EURJPY

long term down The long term trend has been DOWN since Dec 21st, 2018 at 126.7170

intermediate term up The intermediate term trend has been UP since Jan 30th, 2019 at 125.2900

short term up The short term trend has been UP since Feb 19th, 2019 at 125.2685

Smart Scan Analysis for EURJPY

Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for EURJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
125.6505 125.8950 125.6100 125.7590 +0.1085
Prev. Close Volume Bid Ask Time
125.6505 125.7550 125.7630 2019-02-20 05:06:02
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