Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Australian Dollar/ (FOREX:AUDCNH)
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.
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 AUDCNH
The long term trend has been UP since Jul 1st, 2018 at 4.916420
The intermediate term trend has been DOWN since Aug 12th, 2018 at 5.003985
The short term trend has been DOWN since Aug 16th, 2018 at 4.982410
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).