Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
AUSTRALIAN $/$ (NEW) Dec 2018 (E) (NYBOT:KAU.Z18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 KAU.Z18.E
The long term trend has been DOWN since Apr 2nd, 2018 at 0.76750
The intermediate term trend has been DOWN since Oct 4th, 2018 at 0.71030
The short term trend has been UP since Oct 9th, 2018 at 0.70865
Smart Scan Analysis for KAU.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, KAU.Z18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||0.72975||Contract High Date||2018-09-26|
|Contract Low||0.70475||Contract Low Date||2018-10-08|
|Open Time||20:00||Close Time||17:00|