Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
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.
MarketClub’s Trade Triangles for JPYCNY
The long term trend has been DOWN since Dec 12th, 2019 at 0.06374669
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.06392584
The short term trend has been UP since Jan 20th, 2020 at 0.06255071
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).