Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Japanese Yen/Saudi Arabian Riyal (FOREX:JPYSAR)
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 JPYSAR
The long term trend has been DOWN since Apr 12th, 2019 at 0.033464
The intermediate term trend has been DOWN since Apr 12th, 2019 at 0.033543
The short term trend has been UP since Apr 18th, 2019 at 0.033537
Smart Scan Analysis for JPYSAR
Based on a pre-defined weighted trend formula for chart analysis, JPYSAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).