Forex Trend Analysis Report
Prepared for you on Saturday, July 21, 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 negative trend to resume. Downtrend 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 DOWN since Jun 6th, 2018 at 0.011835
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.012125
The short term trend has been UP since Jul 19th, 2018 at 0.012072
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).