Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
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 JPYAUD
The long term trend has been UP since May 5th, 2019 at 0.012913
The intermediate term trend has been UP since Apr 24th, 2019 at 0.012741
The short term trend has been DOWN since Jul 12th, 2019 at 0.013191
Smart Scan Analysis for JPYAUD
Based on a pre-defined weighted trend formula for chart analysis, JPYAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).