Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Australian Dollar/Euro (FOREX:AUDEUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AUDEUR
The long term trend has been DOWN since Apr 28th, 2017 at 0.68280
The intermediate term trend has been UP since Dec 13th, 2017 at 0.64674
The short term trend has been DOWN since Jan 23rd, 2018 at 0.65147
Smart Scan Analysis for AUDEUR
Based on a pre-defined weighted trend formula for chart analysis, AUDEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).