Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 CADAUD
The long term trend has been UP since Apr 25th, 2018 at 1.029400
The intermediate term trend has been UP since Jun 28th, 2018 at 1.026755
The short term trend has been DOWN since Sep 18th, 2018 at 1.066900
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).