Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.
MarketClub’s Trade Triangles for AUDJPY
The long term trend has been DOWN since Aug 10th, 2018 at 80.6370
The intermediate term trend has been UP since Sep 20th, 2018 at 81.7850
The short term trend has been UP since Sep 18th, 2018 at 80.7035
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).