Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 AUDCAD
The long term trend has been UP since Jan 16th, 2018 at 0.991465
The intermediate term trend has been UP since Feb 28th, 2018 at 0.998850
The short term trend has been DOWN since Mar 16th, 2018 at 1.010700
Smart Scan Analysis for AUDCAD
Based on a pre-defined weighted trend formula for chart analysis, AUDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).