Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Euro/US Dollar (FOREX:EURUSD)
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 EURUSD
The long term trend has been UP since Jan 2nd, 2018 at 1.202600
The intermediate term trend has been DOWN since Apr 5th, 2018 at 1.224045
The short term trend has been DOWN since Apr 20th, 2018 at 1.233065
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).