Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Australian Dollar/ (FOREX:AUDLFX)
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 AUDLFX
The long term trend has been DOWN since Mar 19th, 2018 at 1.4880
The intermediate term trend has been UP since May 13th, 2018 at 1.4871
The short term trend has been UP since May 16th, 2018 at 1.4873
Smart Scan Analysis for AUDLFX
Based on a pre-defined weighted trend formula for chart analysis, AUDLFX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).