Future Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
E-MICRO AUD/USD Dec 2019 (CME:M6A.Z19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 M6A.Z19
The long term trend has been UP since Oct 3rd, 2019 at 0.6733
The intermediate term trend has been DOWN since Nov 13th, 2019 at 0.6819
The short term trend has been DOWN since Nov 22nd, 2019 at 0.6790
Smart Scan Analysis for M6A.Z19
Based on a pre-defined weighted trend formula for chart analysis, M6A.Z19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).