Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Euro/US Dollar (FOREX:EURUSD)
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 EURUSD
The long term trend has been UP since Mar 26th, 2017 at 1.082610
The intermediate term trend has been UP since Apr 23rd, 2017 at 1.077600
The short term trend has been DOWN since Aug 15th, 2017 at 1.174995
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).