Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Australian Dollar/Euro (FOREX:AUDEUR)
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 AUDEUR
The long term trend has been DOWN since Aug 29th, 2018 at 0.623300
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.611560
The short term trend has been DOWN since Oct 21st, 2018 at 0.616615
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).