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.
MarketClub’s Trade Triangles for AUDEUR
The long term trend has been UP since Dec 31st, 2019 at 0.62857
The intermediate term trend has been UP since Dec 26th, 2019 at 0.62550
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).