Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Euro/US Dollar (FOREX:EURUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 1.08261
The intermediate term trend has been UP since Apr 23rd, 2017 at 1.07760
The short term trend has been UP since Apr 12th, 2017 at 1.06296
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).