Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Japanese Yen/British Pound (FOREX:JPYGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 JPYGBP
The long term trend has been DOWN since Mar 1st, 2019 at 0.006747
The intermediate term trend has been DOWN since Jan 17th, 2019 at 0.007090
The short term trend has been UP since Apr 17th, 2019 at 0.006849
Smart Scan Analysis for JPYGBP
Based on a pre-defined weighted trend formula for chart analysis, JPYGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).