Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
British Pound/Japanese Yen (FOREX:GBPJPY)
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 GBPJPY
The long term trend has been DOWN since May 15th, 2019 at 141.0850
The intermediate term trend has been DOWN since Apr 25th, 2019 at 144.3925
The short term trend has been UP since Aug 13th, 2019 at 128.7000
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).