Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 CADAUD
The long term trend has been DOWN since Dec 25th, 2019 at 1.0933000
The intermediate term trend has been UP since Jan 7th, 2020 at 1.1207515
The short term trend has been UP since Jan 16th, 2020 at 1.1120000
Smart Scan Analysis for CADAUD
Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).