Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Australian Dollar/Japanese Yen (FOREX:AUDJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 AUDJPY
The long term trend has been DOWN since Dec 21st, 2018 at 78.5795
The intermediate term trend has been DOWN since Feb 7th, 2019 at 77.5190
The short term trend has been DOWN since Feb 21st, 2019 at 78.5390
Smart Scan Analysis for AUDJPY
Based on a pre-defined weighted trend formula for chart analysis, AUDJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).