Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 AUDJPY
The long term trend has been DOWN since Feb 2nd, 2020 at 72.4400
The intermediate term trend has been DOWN since Jan 5th, 2020 at 74.8565
The short term trend has been UP since Feb 4th, 2020 at 73.3600
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).