Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
/Japanese Yen (FOREX:LFXJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 LFXJPY
The long term trend has been DOWN since Dec 20th, 2018 at 54.9145
The intermediate term trend has been UP since Jan 23rd, 2019 at 54.3255
The short term trend has been UP since Feb 19th, 2019 at 54.5795
Smart Scan Analysis for LFXJPY
Based on a pre-defined weighted trend formula for chart analysis, LFXJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).