Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
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 AUDCAD
The long term trend has been DOWN since May 15th, 2019 at 0.931635
The intermediate term trend has been UP since Oct 30th, 2019 at 0.903600
The short term trend has been DOWN since Dec 5th, 2019 at 0.899600
Smart Scan Analysis for AUDCAD
Based on a pre-defined weighted trend formula for chart analysis, AUDCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).