Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Euro/US Dollar (FOREX:EURUSD)
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 EURUSD
The long term trend has been UP since Mar 26th, 2017 at 1.082610
The intermediate term trend has been DOWN since Sep 25th, 2017 at 1.184750
The short term trend has been UP since Oct 19th, 2017 at 1.181685
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).