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.
MarketClub’s Trade Triangles for AEDJPY
The long term trend has been UP since Nov 8th, 2019 at 29.733000
The intermediate term trend has been UP since Jan 13th, 2020 at 29.847942
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).