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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Euro/Australian Dollar (FOREX:EURAUD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.6205500 1.6225363 1.6205000 1.6206630 +0.0001130
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term up The long term trend has been UP since May 9th, 2019 at 1.6117500

intermediate term down The intermediate term trend has been DOWN since Oct 28th, 2019 at 1.6207150

short term up The short term trend has been UP since Nov 11th, 2019 at 1.6110374

Smart Scan Analysis for EURAUD

Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6205500 1.6225363 1.6205000 1.6206630 +0.0001130
Prev. Close Volume Bid Ask Time
1.6205500 1.6202524 1.6210736 2019-11-16 15:55:06
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