Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SARJPY
The long term trend has been UP since May 15th, 2018 at 29.4285
The intermediate term trend has been UP since Apr 5th, 2018 at 28.6050
The short term trend has been DOWN since May 23rd, 2018 at 29.4365
Smart Scan Analysis for SARJPY
Based on a pre-defined weighted trend formula for chart analysis, SARJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).