Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
/Australian Dollar (FOREX:TOPAUD)
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.
MarketClub’s Trade Triangles for TOPAUD
The long term trend has been UP since Jun 28th, 2018 at 0.59825
The intermediate term trend has been UP since Dec 11th, 2018 at 0.61015
The short term trend has been UP since Dec 11th, 2018 at 0.61015
Smart Scan Analysis for TOPAUD
Based on a pre-defined weighted trend formula for chart analysis, TOPAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).