Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 AUDUSD
The long term trend has been UP since Dec 2nd, 2018 at 0.734200
The intermediate term trend has been DOWN since Dec 9th, 2018 at 0.719525
The short term trend has been UP since Dec 12th, 2018 at 0.722975
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).