Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 CADAUD
The long term trend has been UP since Jun 28th, 2017 at 1.007315
The intermediate term trend has been DOWN since Aug 8th, 2017 at 0.993900
The short term trend has been UP since Aug 14th, 2017 at 1.001500
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).