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.
MarketClub’s Trade Triangles for AUDCAD
The long term trend has been UP since Dec 25th, 2019 at 0.914600
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.898100
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).