Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/Japanese Yen (FOREX:USDJPY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
MarketClub’s Trade Triangles for USDJPY
The long term trend has been UP since Apr 12th, 2019 at 112.0750
The intermediate term trend has been DOWN since May 5th, 2019 at 111.0700
The short term trend has been DOWN since May 23rd, 2019 at 109.8145
Smart Scan Analysis for USDJPY
Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).