Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Mar 1st, 2019 at 148.2135
The intermediate term trend has been UP since Jan 17th, 2019 at 140.9650
The short term trend has been DOWN since Mar 18th, 2019 at 147.4775
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).