Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 AUDUSD
The long term trend has been UP since Jan 11th, 2018 at 0.78949
The intermediate term trend has been DOWN since Feb 5th, 2018 at 0.79009
The short term trend has been DOWN since Mar 21st, 2018 at 0.76780
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).