Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Swiss Franc/Australian Dollar (FOREX:CHFAUD)
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 CHFAUD
The long term trend has been DOWN since Dec 2nd, 2018 at 1.36260
The intermediate term trend has been UP since Dec 6th, 2018 at 1.39510
The short term trend has been DOWN since Dec 12th, 2018 at 1.39315
Smart Scan Analysis for CHFAUD
Based on a pre-defined weighted trend formula for chart analysis, CHFAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).