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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

Special Drawing Right/Japanese Yen (FOREX:SDRJPY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low SDRJPY Price Change
148.62 148.62 148.62 148.62 0.00
Entry Signal

MarketClub’s Trade Triangles for SDRJPY

long term down The long term trend has been DOWN since Dec 20th, 2018 at 154.17

intermediate term down The intermediate term trend has been DOWN since Apr 28th, 2019 at 154.77

short term up The short term trend has been UP since Jul 17th, 2019 at 149.49

Smart Scan Analysis for SDRJPY

Based on a pre-defined weighted trend formula for chart analysis, SDRJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
148.62 148.62 148.62 148.62 0.00
Prev. Close Volume Bid Ask Time
148.62 148.62 148.62 2019-07-19 08:39:18
Want to analyze Special Drawing Right/Japanese Yen SDRJPY or another symbol? Try our Free Forex Trend Analysis Report.