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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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.98338 0.99267 0.98290 0.98700 +0.00362
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long term trend has been DOWN since Apr 25th, 2018 at 0.97156

intermediate term up The intermediate term trend has been UP since May 24th, 2018 at 0.97399

short term up 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).

+60
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.98338 0.99267 0.98290 0.98700 +0.00362
Prev. Close Volume Bid Ask Time
0.98338 0.98695 0.98705 2018-06-22 17:07:06
Want to analyze Australian Dollar/Canadian Dollar AUDCAD or another symbol? Try our Free Forex Trend Analysis Report.