Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 JPYAUD
The long term trend has been UP since Aug 10th, 2018 at 0.012403
The intermediate term trend has been UP since Oct 8th, 2018 at 0.012533
The short term trend has been DOWN since Oct 18th, 2018 at 0.012448
Smart Scan Analysis for JPYAUD
Based on a pre-defined weighted trend formula for chart analysis, JPYAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).