Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Special Drawing Right/Australian Dollar (FOREX:SDRAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SDRAUD
The long term trend has been UP since Dec 31st, 2018 at 1.9769
The intermediate term trend has been DOWN since Sep 5th, 2019 at 2.0271
The short term trend has been DOWN since Sep 5th, 2019 at 2.0274
Smart Scan Analysis for SDRAUD
Based on a pre-defined weighted trend formula for chart analysis, SDRAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).