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.
MarketClub’s Trade Triangles for EURAUD
The long term trend has been UP since May 9th, 2019 at 1.6117500
The intermediate term trend has been DOWN since Oct 28th, 2019 at 1.6207150
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).