Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.
MarketClub’s Trade Triangles for CADAUD
The long term trend has been UP since May 15th, 2019 at 1.073400
The intermediate term trend has been DOWN since Oct 30th, 2019 at 1.106715
The short term trend has been UP since Dec 5th, 2019 at 1.111700
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).