Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Euro/Australian Dollar (FOREX:EURAUD)
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 EURAUD
The long term trend has been UP since May 9th, 2019 at 1.611750
The intermediate term trend has been UP since Apr 23rd, 2019 at 1.587900
The short term trend has been DOWN since Jun 18th, 2019 at 1.629865
Smart Scan Analysis for EURAUD
Based on a pre-defined weighted trend formula for chart analysis, EURAUD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).