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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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.619745 1.622080 1.616690 1.619340 -0.000405
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term up The long term trend has been UP since Aug 29th, 2018 at 1.604250

intermediate term up The intermediate term trend has been UP since Oct 5th, 2018 at 1.635095

short term up 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).

+80
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.619745 1.622080 1.616690 1.619340 -0.000405
Prev. Close Volume Bid Ask Time
1.619745 1.619270 1.619410 2018-10-22 15:17:42
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