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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

US Dollar/Japanese Yen (FOREX:USDJPY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_USDJPY
Open High Low USDJPY Price Change
110.1860 110.1985 110.1720 110.1820 -0.0040
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long term trend has been UP since Nov 7th, 2019 at 109.2785

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2020 at 108.4330

short term up The short term trend has been UP since Jan 8th, 2020 at 108.6275

Smart Scan Analysis for USDJPY

Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.1860 110.1985 110.1720 110.1820 -0.0040
Prev. Close Volume Bid Ask Time
110.1860 110.1770 110.1870 2020-01-20 01:17:14
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