Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Japanese Yen/ (FOREX:JPYRSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 JPYRSD
The long term trend has been UP since Dec 21st, 2018 at 0.934645
The intermediate term trend has been DOWN since Jan 30th, 2019 at 0.945415
The short term trend has been DOWN since Mar 12th, 2019 at 0.940645
Smart Scan Analysis for JPYRSD
Based on a pre-defined weighted trend formula for chart analysis, JPYRSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).