Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 6th, 2018 at 30.2280
The short term trend has been DOWN since Nov 12th, 2018 at 30.2995
Smart Scan Analysis for SARJPY
Based on a pre-defined weighted trend formula for chart analysis, SARJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).