Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Euro/Australian Dollar (FOREX:EURAUD)
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 EURAUD
The long term trend has been DOWN since May 25th, 2018 at 1.542585
The intermediate term trend has been DOWN since Aug 3rd, 2018 at 1.566795
The short term trend has been UP since Aug 21st, 2018 at 1.569870
Smart Scan Analysis for EURAUD
Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).