Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Lithuanian Litas/Australian Dollar (FOREX:LTLAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 LTLAUD
The long term trend has been UP since Apr 23rd, 2018 at 0.446015
The intermediate term trend has been DOWN since May 21st, 2018 at 0.449575
The short term trend has been DOWN since May 21st, 2018 at 0.451690
Smart Scan Analysis for LTLAUD
Based on a pre-defined weighted trend formula for chart analysis, LTLAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).