Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
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 AUDNZD
The long term trend has been UP since May 17th, 2018 at 1.093455
The intermediate term trend has been DOWN since Aug 29th, 2018 at 1.090700
The short term trend has been DOWN since Oct 10th, 2018 at 1.093700
Smart Scan Analysis for AUDNZD
Based on a pre-defined weighted trend formula for chart analysis, AUDNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).