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Forex Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
US Dollar/Japanese Yen (FOREX:USDJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
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MarketClub’s Trade Triangles for USDJPY
The long term trend has been UP since Nov 7th, 2019 at 109.2785
The intermediate term trend has been UP since Oct 11th, 2019 at 108.4780
The short term trend has been UP since Nov 4th, 2019 at 108.7150
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.137 | 109.291 | 109.121 | 109.167 | +0.030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.137 | 109.165 | 109.169 | 2019-11-12 08:28:58 |