Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
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 AUDJPY
The long term trend has been UP since Jan 5th, 2018 at 89.0885
The intermediate term trend has been UP since Dec 13th, 2017 at 86.2000
The short term trend has been UP since Jan 15th, 2018 at 88.0885
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).