Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Australian Dollar/Euro (FOREX:AUDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Jan 1st, 2019 at 0.61134
The intermediate term trend has been UP since Jan 13th, 2019 at 0.62968
The short term trend has been UP since Jan 11th, 2019 at 0.62616
Smart Scan Analysis for AUDEUR
Based on a pre-defined weighted trend formula for chart analysis, AUDEUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).