Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Aug 25th, 2019 at 130.5955
The short term trend has been UP since Sep 4th, 2019 at 129.3100
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).