Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
British Pound/Japanese Yen (FOREX:GBPJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Oct 15th, 2019 at 137.540
The intermediate term trend has been UP since Nov 29th, 2019 at 141.548
The short term trend has been UP since Dec 5th, 2019 at 142.697
Smart Scan Analysis for GBPJPY
Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).