Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 JPYAED
The long term trend has been UP since May 31st, 2019 at 0.033741
The intermediate term trend has been DOWN since Sep 5th, 2019 at 0.034415
The short term trend has been DOWN since Sep 17th, 2019 at 0.033964
Smart Scan Analysis for JPYAED
Based on a pre-defined weighted trend formula for chart analysis, JPYAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).