Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 Apr 25th, 2018 at 1.0294
The intermediate term trend has been DOWN since Nov 1st, 2018 at 1.0681
The short term trend has been DOWN since Nov 13th, 2018 at 1.0452
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).