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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Australian Dollar/Euro (FOREX:AUDEUR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.

FOREX_AUDEUR
Open High Low AUDEUR Price Change
0.620325 0.620600 0.618680 0.620000 -0.000325
Entry Signal

MarketClub’s Trade Triangles for AUDEUR

long term up The long term trend has been UP since Dec 31st, 2019 at 0.62857

intermediate term up The intermediate term trend has been UP since Dec 26th, 2019 at 0.62550

short term down The short term trend has been DOWN since Jan 16th, 2020 at 0.61840

Smart Scan Analysis for AUDEUR

Based on a pre-defined weighted trend formula for chart analysis, AUDEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for AUDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.620325 0.620600 0.618680 0.620000 -0.000325
Prev. Close Volume Bid Ask Time
0.620325 0.619900 0.620100 2020-01-20 13:43:53
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