Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Special Drawing Right/Australian Dollar (FOREX:SDRAUD)
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 SDRAUD
The long term trend has been UP since Apr 12th, 2018 at 1.8534
The intermediate term trend has been DOWN since Oct 29th, 2018 at 1.9546
The short term trend has been DOWN since Oct 18th, 2018 at 1.9663
Smart Scan Analysis for SDRAUD
Based on a pre-defined weighted trend formula for chart analysis, SDRAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).