Forex Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 JPYAUD
The long term trend has been DOWN since Apr 12th, 2019 at 0.012528
The intermediate term trend has been DOWN since Apr 3rd, 2019 at 0.012591
The short term trend has been UP since Apr 21st, 2019 at 0.012512
Smart Scan Analysis for JPYAUD
Based on a pre-defined weighted trend formula for chart analysis, JPYAUD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).