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.
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 DOWN since Apr 28th, 2019 at 154.77
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).