Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 JPYCNY
The long term trend has been UP since May 9th, 2019 at 0.061925
The intermediate term trend has been UP since Aug 1st, 2019 at 0.064147
The short term trend has been DOWN since Aug 13th, 2019 at 0.066181
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).