Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
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 CADAUD
The long term trend has been UP since Jun 28th, 2017 at 1.007315
The intermediate term trend has been DOWN since Oct 16th, 2017 at 1.013100
The short term trend has been UP since Oct 18th, 2017 at 1.020300
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).