Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
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 SDRJPY
The long term trend has been UP since Nov 6th, 2019 at 149.89000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 149.16563
The short term trend has been DOWN since Dec 3rd, 2019 at 150.45795
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).