Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 AUDRON
The long term trend has been UP since Sep 12th, 2019 at 2.97475
The intermediate term trend has been UP since Sep 3rd, 2019 at 2.89995
The short term trend has been DOWN since Sep 13th, 2019 at 2.93555
Smart Scan Analysis for AUDRON
Based on a pre-defined weighted trend formula for chart analysis, AUDRON scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).