Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Australian Dollar/Euro (FOREX:AUDEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 AUDEUR
The long term trend has been UP since May 25th, 2018 at 0.648400
The intermediate term trend has been DOWN since Jun 18th, 2018 at 0.637800
The short term trend has been DOWN since Jun 13th, 2018 at 0.643585
Smart Scan Analysis for AUDEUR
Based on a pre-defined weighted trend formula for chart analysis, AUDEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).