Index Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
DJ FXCM YEN INDEX (INDEX:DJFXJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DJFXJPY
The long term trend has been UP since Dec 24th, 2018 at 8412.36
The intermediate term trend has been DOWN since Jan 25th, 2019 at 8401.94
The short term trend has been UP since Mar 18th, 2019 at 8269.00
Smart Scan Analysis for DJFXJPY
Based on a pre-defined weighted trend formula for chart analysis, DJFXJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8457.74||52wk High Date||2018-08-15|
|52wk Low||7476.51||52wk Low Date||2018-01-05|