Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Special Drawing Right/Japanese Yen (FOREX:SDRJPY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SDRJPY
The long term trend has been DOWN since Dec 20th, 2018 at 154.17
The intermediate term trend has been UP since Sep 13th, 2019 at 146.45
The short term trend has been UP since Sep 13th, 2019 at 146.08
Smart Scan Analysis for SDRJPY
Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).