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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.8992153 0.8997697 0.8954069 0.8963587 -0.0028570
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term up The long term trend has been UP since Dec 25th, 2019 at 0.914600

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.898100

short term down The short term trend has been DOWN since Jan 16th, 2020 at 0.899395

Smart Scan Analysis for AUDCAD

Based on a pre-defined weighted trend formula for chart analysis, AUDCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8992153 0.8997697 0.8954069 0.8963587 -0.0028570
Prev. Close Volume Bid Ask Time
0.8992153 0.8962355 0.8964818 2020-01-20 12:16:45
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