Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
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 AUDJPY
The long term trend has been DOWN since Aug 10th, 2018 at 80.637
The intermediate term trend has been UP since Nov 1st, 2018 at 80.586
The short term trend has been DOWN since Nov 19th, 2018 at 82.130
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).