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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)

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.

FOREX_AEDJPY
Open High Low AEDJPY Price Change
29.711695 29.715326 29.685137 29.715326 +0.003631
Entry Signal

MarketClub’s Trade Triangles for AEDJPY

long term up The long term trend has been UP since Nov 8th, 2019 at 29.733000

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 29.847942

short term down The short term trend has been DOWN since Jan 21st, 2020 at 29.992677

Smart Scan Analysis for AEDJPY

Based on a pre-defined weighted trend formula for chart analysis, AEDJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for AEDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.711695 29.715326 29.685137 29.715326 +0.003631
Prev. Close Volume Bid Ask Time
29.711695 29.712494 29.718158 2020-01-29 09:11:08
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