Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Japanese Yen/Saudi Arabian Riyal (FOREX:JPYSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 JPYSAR
The long term trend has been DOWN since May 15th, 2018 at 0.033990
The intermediate term trend has been UP since Aug 1st, 2018 at 0.034099
The short term trend has been DOWN since Aug 14th, 2018 at 0.033721
Smart Scan Analysis for JPYSAR
Based on a pre-defined weighted trend formula for chart analysis, JPYSAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).