Euro/Australian Dollar (FOREX:EURAUD)
![]() | Strong Downtrend ![Up Arrow]() |
| Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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. Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend): | | ![]() | | ![]() | -10 | Last Hour Close Below 5 hour Moving Average | ![]() | -15 | New 3 Day Low on Wednesday | ![]() | -20 | Last Price Below 20 Day Moving Average | ![]() | -25 | New 3 Week Low, Week Ending March 20th | ![]() | -30 | New 3 Month Low in March | ![]() | | -100 | Total Score |
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British Pound/Japanese Yen (FOREX:GBPJPY)
![]() | Sidelines Mode ![Up Arrow]() |
| 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. Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend): | | ![]() | | ![]() | +10 | Last Hour Close Above 5 Hour Moving Average | ![]() | +15 | New 3 Day High on Wednesday | ![]() | +20 | Last Price Above 20 Day Moving Average | ![]() | -25 | New 3 Week Low, Week Ending March 6th | ![]() | -30 | New 3 Month Low in March | ![]() | | -55 | Total Score |
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US Dollar/Japanese Yen (FOREX:USDJPY)
![]() | Uptrend ![Up Arrow]() |
| Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, USDJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend): | | ![]() | | ![]() | +10 | Last Hour Close Above 5 Hour Moving Average | ![]() | +15 | New 3 Day High on Thursday | ![]() | +20 | Last Price Above 20 Day Moving Average | ![]() | -25 | New 3 Week Low, Week Ending March 6th | ![]() | +30 | New 3 Month High in January | ![]() | | +75 | Total Score |
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| Euro/Japanese Yen (FOREX:EURJPY) | Weak Downtrend ![Up Arrow]() |
| Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, EURJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend): | | ![]() | | ![]() | +10 | Last Hour Close Above 5 Hour Moving Average | ![]() | -15 | New 3 Day Low on Friday | ![]() | +20 | Last Price Above 20 Day Moving Average | ![]() | -25 | New 3 Week Low, Week Ending February 27th | ![]() | -30 | New 3 Month Low in February | ![]() | | -70 | Total Score |
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