Future Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
AUSTRALIAN $ Jun 2019 (CME:6A.M19)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 6A.M19
The long term trend has been DOWN since Dec 21st, 2018 at 0.7079
The intermediate term trend has been DOWN since Jun 14th, 2019 at 0.6870
The short term trend has been DOWN since Jun 7th, 2019 at 0.6966
Smart Scan Analysis for 6A.M19
Based on a pre-defined weighted trend formula for chart analysis, 6A.M19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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