Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
Australian Dollar/US Dollar (FOREX:AUDUSD)
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.
MarketClub’s Trade Triangles for AUDUSD
The long term trend has been DOWN since Apr 23rd, 2018 at 0.76430
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.74793
The short term trend has been UP since Jun 22nd, 2018 at 0.74143
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).