Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Apr 25th, 2018 at 0.97156
The intermediate term trend has been UP since May 24th, 2018 at 0.97399
The short term trend has been UP since Jun 20th, 2018 at 0.98375
Smart Scan Analysis for AUDCAD
Based on a pre-defined weighted trend formula for chart analysis, AUDCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).