Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 AUDUSD
The long term trend has been DOWN since Dec 27th, 2018 at 0.702300
The intermediate term trend has been DOWN since Feb 7th, 2019 at 0.707755
The short term trend has been UP since Mar 20th, 2019 at 0.712000
Smart Scan Analysis for AUDUSD
Based on a pre-defined weighted trend formula for chart analysis, AUDUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).