Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Australian Dollar/US Dollar (FOREX:AUDUSD)
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 AUDUSD
The long term trend has been DOWN since Dec 27th, 2018 at 0.702300
The intermediate term trend has been UP since Sep 4th, 2019 at 0.681695
The short term trend has been DOWN since Sep 16th, 2019 at 0.685900
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).