Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 CADAUD
The long term trend has been UP since Apr 25th, 2018 at 1.0294
The intermediate term trend has been UP since Mar 27th, 2018 at 1.0097
The short term trend has been DOWN since May 18th, 2018 at 1.0369
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).