Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
US Dollar/Japanese Yen (FOREX:USDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDJPY
The long term trend has been UP since Apr 12th, 2019 at 112.075
The intermediate term trend has been UP since Apr 11th, 2019 at 111.810
The short term trend has been DOWN since Apr 25th, 2019 at 111.665
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).