Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 Aug 30th, 2018 at 30.3295
The short term trend has been UP since Sep 11th, 2018 at 30.2725
Smart Scan Analysis for AEDJPY
Based on a pre-defined weighted trend formula for chart analysis, AEDJPY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).