Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Japanese Yen/Australian Dollar (FOREX:JPYAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 JPYAUD
The long term trend has been UP since May 5th, 2019 at 0.012913
The intermediate term trend has been UP since Oct 1st, 2019 at 0.013797
The short term trend has been UP since Oct 10th, 2019 at 0.013901
Smart Scan Analysis for JPYAUD
Based on a pre-defined weighted trend formula for chart analysis, JPYAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).