Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
US Dollar/Australian Dollar (FOREX:USDAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 USDAUD
The long term trend has been UP since Dec 27th, 2018 at 1.42415
The intermediate term trend has been UP since Feb 7th, 2019 at 1.41285
The short term trend has been DOWN since Mar 20th, 2019 at 1.40450
Smart Scan Analysis for USDAUD
Based on a pre-defined weighted trend formula for chart analysis, USDAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).