Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
US Dollar/Euro (FOREX:USDEUR)
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 USDEUR
The long term trend has been UP since May 1st, 2018 at 0.828905
The intermediate term trend has been DOWN since Dec 20th, 2018 at 0.873900
The short term trend has been UP since Jan 14th, 2019 at 0.873165
Smart Scan Analysis for USDEUR
Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).