Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
US Dollar/Australian Dollar (FOREX:USDAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDAUD
The long term trend has been UP since Apr 23rd, 2018 at 1.308300
The intermediate term trend has been DOWN since Nov 1st, 2018 at 1.396850
The short term trend has been UP since Nov 11th, 2018 at 1.385125
Smart Scan Analysis for USDAUD
Based on a pre-defined weighted trend formula for chart analysis, USDAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).