Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Australian Dollar/Khazanah Sukuk (FOREX:AUDLFX)
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 AUDLFX
The long term trend has been DOWN since May 5th, 2019 at 1.4289
The intermediate term trend has been UP since Jul 3rd, 2019 at 1.4200
The short term trend has been UP since Jul 12th, 2019 at 1.4187
Smart Scan Analysis for AUDLFX
Based on a pre-defined weighted trend formula for chart analysis, AUDLFX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).