Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 JPYAUD
The long term trend has been UP since May 5th, 2019 at 0.012913
The intermediate term trend has been DOWN since Sep 4th, 2019 at 0.013733
The short term trend has been UP since Sep 15th, 2019 at 0.013551
Smart Scan Analysis for JPYAUD
Based on a pre-defined weighted trend formula for chart analysis, JPYAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).