Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 JPYCNY
The long term trend has been UP since May 9th, 2019 at 0.061925
The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.065487
The short term trend has been DOWN since Oct 7th, 2019 at 0.066668
Smart Scan Analysis for JPYCNY
Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).