Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Australian Dollar/ (FOREX:AUDCNH)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 AUDCNH
The long term trend has been DOWN since Dec 25th, 2018 at 4.859650
The intermediate term trend has been DOWN since Feb 7th, 2019 at 4.807340
The short term trend has been UP since Feb 12th, 2019 at 4.820095
Smart Scan Analysis for AUDCNH
Based on a pre-defined weighted trend formula for chart analysis, AUDCNH scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).