Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Euro/Australian Dollar (FOREX:EURAUD)
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 EURAUD
The long term trend has been UP since Aug 29th, 2018 at 1.604250
The intermediate term trend has been UP since Oct 5th, 2018 at 1.635095
The short term trend has been UP since Oct 21st, 2018 at 1.621270
Smart Scan Analysis for EURAUD
Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).