Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 2.9747500
The intermediate term trend has been UP since Dec 20th, 2019 at 2.9699876
The short term trend has been DOWN since Jan 16th, 2020 at 2.9576693
Smart Scan Analysis for AUDRON
Based on a pre-defined weighted trend formula for chart analysis, AUDRON scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).