Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Swiss Franc/Australian Dollar (FOREX:CHFAUD)
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 CHFAUD
The long term trend has been DOWN since Jul 27th, 2017 at 1.30635
The intermediate term trend has been UP since Sep 29th, 2017 at 1.31661
The short term trend has been DOWN since Oct 12th, 2017 at 1.31153
Smart Scan Analysis for CHFAUD
Based on a pre-defined weighted trend formula for chart analysis, CHFAUD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).