Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
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 EURAFN
The long term trend has been UP since Sep 16th, 2018 at 86.54
The intermediate term trend has been UP since Aug 30th, 2018 at 84.87
The short term trend has been UP since Aug 20th, 2018 at 83.44
Smart Scan Analysis for EURAFN
Based on a pre-defined weighted trend formula for chart analysis, EURAFN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).