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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.

Open High Low AUDLFX Price Change
1.4721 1.4734 1.4716 1.4725 +0.0004
Entry Signal

MarketClub’s Trade Triangles for AUDLFX

long term down The long term trend has been DOWN since Mar 19th, 2018 at 1.4880

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2018 at 1.4753

short term up 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).

Smart Scan Analysis for AUDLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4721 1.4734 1.4716 1.4725 +0.0004
Prev. Close Volume Bid Ask Time
1.4721 1.4720 1.4730 2018-08-20 03:26:52
Want to analyze Australian Dollar/ AUDLFX or another symbol? Try our Free Forex Trend Analysis Report.