Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 AUDRON
The long term trend has been UP since Sep 12th, 2019 at 2.9747500
The intermediate term trend has been DOWN since Jan 27th, 2020 at 2.9353489
The short term trend has been DOWN since Jan 27th, 2020 at 2.9493679
Smart Scan Analysis for AUDRON
Based on a pre-defined weighted trend formula for chart analysis, AUDRON scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).