Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Australian Dollar/ (FOREX:AUDLFX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 AUDLFX
The long term trend has been DOWN since Mar 19th, 2018 at 1.4880
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 1.4753
The short term trend has been UP since Aug 16th, 2018 at 1.4708
Smart Scan Analysis for AUDLFX
Based on a pre-defined weighted trend formula for chart analysis, AUDLFX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).