Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Dow Jones FXCM Yen Index (INDEX:DJFXJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.
MarketClub’s Trade Triangles for DJFXJPY
The long term trend has been DOWN since Nov 5th, 2019 at 8825.57
The intermediate term trend has been DOWN since Jan 16th, 2020 at 8593.49
The short term trend has been DOWN since Jan 8th, 2020 at 8736.23
Smart Scan Analysis for DJFXJPY
Based on a pre-defined weighted trend formula for chart analysis, DJFXJPY scored -90 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|