Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
Khazanah Sukuk/Japanese Yen (FOREX:LFXJPY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 23rd, 2019 at 54.6355
The short term trend has been DOWN since May 22nd, 2019 at 53.6125
Smart Scan Analysis for LFXJPY
Based on a pre-defined weighted trend formula for chart analysis, LFXJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).