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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.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
129.215 129.215 129.215 129.215 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term down The long term trend has been DOWN since May 15th, 2019 at 141.0850

intermediate term down The intermediate term trend has been DOWN since Apr 25th, 2019 at 144.3925

short term up 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).

-85
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.215 129.215 129.215 129.215 0.000
Prev. Close Volume Bid Ask Time
129.215 129.210 129.220 2019-08-17 07:12:32
Want to analyze British Pound/Japanese Yen GBPJPY or another symbol? Try our Free Forex Trend Analysis Report.