Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Australian Dollar/Lithuanian Litas (FOREX:AUDLTL)
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 AUDLTL
The long term trend has been DOWN since Apr 23rd, 2018 at 2.24180
The intermediate term trend has been UP since Jul 8th, 2018 at 2.18635
The short term trend has been UP since Jul 15th, 2018 at 2.17785
Smart Scan Analysis for AUDLTL
Based on a pre-defined weighted trend formula for chart analysis, AUDLTL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).