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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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.9066 0.9066 0.9066 0.9066 0.0000
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long term trend has been DOWN since May 15th, 2019 at 0.931635

intermediate term up The intermediate term trend has been UP since Oct 30th, 2019 at 0.903600

short term down 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).

+55
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9066 0.9066 0.9066 0.9066 0.0000
Prev. Close Volume Bid Ask Time
0.9066 0.9062 0.9070 2019-12-07 06:15:57
Want to analyze Australian Dollar/Canadian Dollar AUDCAD or another symbol? Try our Free Forex Trend Analysis Report.