Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
Japanese Yen/Saudi Arabian Riyal (FOREX:JPYSAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 JPYSAR
The long term trend has been DOWN since Oct 30th, 2019 at 0.0343300
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.0341841
The short term trend has been UP since Jan 21st, 2020 at 0.0341158
Smart Scan Analysis for JPYSAR
Based on a pre-defined weighted trend formula for chart analysis, JPYSAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).