Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 AUDJPY
The long term trend has been UP since Nov 5th, 2019 at 75.29750
The intermediate term trend has been DOWN since Nov 13th, 2019 at 73.93000
The short term trend has been DOWN since Dec 4th, 2019 at 74.04897
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).