Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 AEDJPY
The long term trend has been UP since May 1st, 2018 at 29.8825
The intermediate term trend has been UP since Nov 6th, 2018 at 30.8415
The short term trend has been UP since Dec 10th, 2018 at 30.7910
Smart Scan Analysis for AEDJPY
Based on a pre-defined weighted trend formula for chart analysis, AEDJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).