Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 May 31st, 2019 at 29.638
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 29.205
The short term trend has been UP since Aug 13th, 2019 at 28.858
Smart Scan Analysis for AEDJPY
Based on a pre-defined weighted trend formula for chart analysis, AEDJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).