Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AUDUSD
The long term trend has been DOWN since Apr 23rd, 2018 at 0.764300
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.732225
The short term trend has been UP since Sep 12th, 2018 at 0.712860
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).