Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Dec 24th, 2018 at 30.080
The intermediate term trend has been DOWN since Mar 21st, 2019 at 30.050
The short term trend has been UP since Mar 20th, 2019 at 30.371
Smart Scan Analysis for AEDJPY
Based on a pre-defined weighted trend formula for chart analysis, AEDJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).