Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Australian Dollar/ (FOREX:AUDCNH)
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 AUDCNH
The long term trend has been DOWN since Oct 9th, 2017 at 5.14979
The intermediate term trend has been UP since Dec 13th, 2017 at 5.06281
The short term trend has been UP since Jan 16th, 2018 at 5.13216
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).