Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Euro/Australian Dollar (FOREX:EURAUD)
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 EURAUD
The long term trend has been UP since Apr 28th, 2017 at 1.46450
The intermediate term trend has been DOWN since May 7th, 2018 at 1.58470
The short term trend has been DOWN since May 16th, 2018 at 1.58165
Smart Scan Analysis for EURAUD
Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).