Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

US Dollar/Japanese Yen (FOREX:USDJPY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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
106.5570 106.5905 106.2950 106.3560 -0.2010
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long term trend has been DOWN since May 31st, 2019 at 108.861

intermediate term down The intermediate term trend has been DOWN since Aug 1st, 2019 at 107.215

short term up The short term trend has been UP since Aug 13th, 2019 at 106.033

Smart Scan Analysis for USDJPY

Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.5570 106.5905 106.2950 106.3560 -0.2010
Prev. Close Volume Bid Ask Time
106.5570 106.3540 106.3580 2019-08-20 09:59:51
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